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Share transfer saves HK buyer from local taxes in purchase of HK$670m mansion

Published Tue, Jan 10, 2017 · 09:50 PM

Hong Kong

A LOCAL buyer has purchased a mansion overlooking Hong Kong's exclusive Repulse Bay using a method allowing him to avoid property taxes.

The house may have fetched about HK$670 million (S$124.2 million), based on the average square foot valuation of similar properties in the Headland Road neighbourhood, according to the agent who brokered the deal. Raymond Ho, deputy senior director of residential development and investment at property agent Savil…

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Property

Property

Share transfer saves HK buyer from local taxes in purchase of HK$670m mansion

Property

DBS puts 46 retail units, HDB shops on market for S$210 million

US mortgage rates jump above 7% for the first time this year

Far East Shopping Centre back on market at unchanged S$928 million asking price

London mansions sold at 30% discount spell gloom for luxury market

Delfi Orchard up for collective sale at S$438 million guide price

US existing home sales drop in March; median price increases

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