Property News · January 19, 2021

Kailong pays US$124.5 million for Hong Kong industrial building, the largest deal in the segment since August 2019, after scrapping of double stamp duty


Hong Kong-based real estate fund manager Kailong has bought an industrial property in Cheung Sha Wan for nearly HK$1 billion (US$124.5 million), the largest transaction in the segment since August, 2019.The purchase was motivated by the recent cancellation of the double stamp duty on commercial properties and the long-term outlook for the market, said Kailong Hong Kong chief executive Ivan Ho.“Protests, coronavirus pandemic and trade war: all these risk factors have been priced in. We expect a…

Source : South China Morning Post
Read more…Kailong pays US4.5 million for Hong Kong industrial building, the largest deal in the segment since August 2019, after scrapping of double stamp duty

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