Mount Nicholson – Charm

Prices of homes measuring at least 1,076 sq ft rose about 2.9 per cent last year. Photo: Martin Chan

Singapore property clan puts rare Hong Kong estate up for US$38.4 million tender

2 months ago02 mins

A Singapore-rooted property family has put a rare residential estate in Hong Kong’s Southern district up for tender at about HK$300 million (US$38.4 million), testing demand for trophy homes as the city’s luxury housing market shows early signs of recovery despite soft prices. The tender for Belvedere, a low-density compound in Chung Hom Kok, would…

Financial Secretary Paul Chan Mo delivers his budget speech on Wednesday. Photo: Eugene Lee

Hong Kong’s 6.5% stamp duty will not stop luxury homebuyers from mainland China: analysts

3 months ago02 mins

The increase in stamp duty on ultra-luxury homes above HK$100 million (US$12.8 million) is unlikely to change buying behaviour, analysts said, as the structural forces underpinning demand from mainland Chinese buyers could outweigh the impact of the rise in transaction costs. The Hong Kong government, in the annual budget on Wednesday, increased the tax rate…