Property News · August 9, 2018

SHKP may face HK$200 million in vacancy tax charges for units at Victoria Harbour


Sun Hung Kai Properties could face HK$200 million (US$25.48 million) in charges on empty units at its recently completed luxury residential development in North Point, after it was revealed the company is seeking a record monthly rent of HK$100 per square foot in Hong Kong East.
The developer is holding 265 units at the 355-unit Victoria Harbour development. An occupation permit for the site was received last week.
Belinda Kuan, general manager Signature Homes, the luxury residential leasing…

Source : South China Morning Post
Read more…SHKP may face HK0 million in vacancy tax charges for units at Victoria Harbour