{"id":119788,"date":"2021-01-19T06:30:12","date_gmt":"2021-01-18T23:30:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kailong-pays-us124-5-million-for-hong-kong-industrial-building-the-largest-deal-in-the-segment-since-august-2019-after-scrapping-of-double-stamp-duty\/"},"modified":"2021-01-19T07:16:04","modified_gmt":"2021-01-19T00:16:04","slug":"kailong-pays-us124-5-million-for-hong-kong-industrial-building-the-largest-deal-in-the-segment-since-august-2019-after-scrapping-of-double-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kailong-pays-us124-5-million-for-hong-kong-industrial-building-the-largest-deal-in-the-segment-since-august-2019-after-scrapping-of-double-stamp-duty\/","title":{"rendered":"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"},"content":{"rendered":"


\nHong 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.\u201cProtests, coronavirus pandemic and trade war: all these risk factors have been priced in. We expect a\u2026
\n
\nSource : South China Morning Post
\nRead 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<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong-based real estate fund manager Kailong has bought an industrial property in Cheung Sha...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-119788","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-va4","jetpack-related-posts":[{"id":146721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bankruptcy-proceeding-against-evergrande-unit-to-proceed-liquidators-say\/","url_meta":{"origin":119788,"position":0},"title":"Bankruptcy proceeding against Evergrande unit to proceed, liquidators say","date":"August 19, 2024","format":false,"excerpt":"\r Bankruptcy filing against Kailong Real Estate was accepted by a Guangzhou court, according to a statement to the Hong Kong stock exchange.\r \r Source : South China Morning Post\r Read more...Bankruptcy proceeding against Evergrande unit to proceed, liquidators say","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warburg-pincus-backed-shanghai-real-estate-firm-eyes-slice-of-co-working-market-as-demand-rises-in-hong-kong\/","url_meta":{"origin":119788,"position":1},"title":"Warburg Pincus-backed Shanghai real estate firm eyes slice of co-working market as demand rises in Hong Kong","date":"September 16, 2018","format":false,"excerpt":"\r Kailong, a Shanghai-based real estate investment management company backed by US private equity fund Warburg Pincus, is planning to include a co-working element at all eight of its commercial properties in Hong Kong to boost returns. The strategy shift comes in the wake of a growing demand for such\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shop-owners-seek-higher-prices-after-scrapping-of-double-stamp-duty\/","url_meta":{"origin":119788,"position":2},"title":"Hong Kong shop owners seek higher prices after scrapping of double stamp duty","date":"January 12, 2021","format":false,"excerpt":"\r Hong Kong shop owners are more likely to stand firm on asking prices, as they expect investors to flood the market after the city scrapped the double stamp duty for non-residential property, investors and property agents said.Buyers are also willing to settle at higher price points since their total\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-to-bring-property-unit-back-to-mainland-through-backdoor-listing\/","url_meta":{"origin":119788,"position":3},"title":"China Evergrande to bring property unit back to mainland through backdoor listing","date":"October 3, 2016","format":false,"excerpt":"\r Hong Kong-listed China Evergrande Group is bringing its core property business back to the mainland Chinese stock market through the acquisition of a Shenzhen listed developer. Shenzhen Special Economic Zone Real Estate & Properties will buy 100 per cent of the equity interest in Hengda Real Estate, the property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-scrapping-special-stamp-duty-would-help-alleviate-hong-kongs-housing-shortage-problem\/","url_meta":{"origin":119788,"position":4},"title":"Why scrapping special stamp duty would help alleviate Hong Kong\u2019s housing shortage problem","date":"June 16, 2020","format":false,"excerpt":"\r In November 2010, the Hong Kong government imposed a special stamp duty (SSD) on individuals and companies that acquire a residential property in Hong Kong and resell it within 36 months. The sellers need to pay an SSD equivalent to 20 per cent of the transaction price if they\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-car-parking-space-transactions-to-hit-record-high-this-year-as-investors-return-after-stamp-duty-rollback\/","url_meta":{"origin":119788,"position":5},"title":"Hong Kong car parking space transactions to hit record high this year as investors return after stamp duty rollback","date":"December 8, 2021","format":false,"excerpt":"\r A limited supply of car parking spaces in Hong Kong, coupled with the removal of double stamp duty, has whetted investors\u2019 appetite for this corner of the property segment, which is likely to push turnover to an all-time high this year.A total of 9,600 parking spaces in the city\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119788"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=119788"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119788\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}