The century consortium paid tax of HKD $1.2 ten billion,with the price of HKD $5.1 ten billion changed hands to overseas companies
Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok) Ho Tung Gardens in The Peak which sparked intense controversy due to conservation issues,the owners finally face reality,no longer adhere to the seven ten billion to sell the land. The latest Land Registry data show that land last December to HKD $5.1 ten billion changed hands, lower than the cost of a full 27% of the original intention, but as calculate with the transaction price,it has always been the most expensive private house record in Hong Kong,with single-meter floor price has been as high as HKD $82,258 per sq ft. Surveyors expect future reconstruction projects, the price per square foot up to HKD $130,000 to HKD $150,000,then to challenge the highest price per sq.ft record in Hong Kong and even in global,a record of epilepsy.
Land Registry uploaded yesterday,Ho Tung Gardens in The Peak transacted with the price of HKD $5.1 billion,although the transaction price and the original price of seven ten billion have HKD $1.9 ten billion difference, but it is worth to note that the new buyers in the name of the company SEASON GLITTER LIMITED buy, need to pay Buyers stamp Duty (BSD) and double stamp duty (DSD) a total of 23.5%, equivalent to prices equivalent to about HKD $1.2 ten billion,hit nrew high record of the largest taxes involved since the government introduced spicy tax. And together with the land price and taxes,the buyer pay the total cost of up to HKD $6.3 ten billion.
27% lower than the intention price and with mystery buyers
However, the identity of the buyer is still a mystery,because of the company is registered in overseas,Hong Kong not registered record market buyers can not check on the ins and outs. The current market there are two versions, one that is 'The Peak large landowners' WPL purchase, one that is the 'Chongqing Li Ka-shing' who is the chairman of CC Land Cheung Chung Kiu buying,the newspaper try to contact two consortia yesterday,but have not been responded yet.
Search of records, this astronomical HKD $5.1 ten billion y turnover, hitting a new high record of the most expensive private houses, stripped the record of Henderson Land Lee Shau Ke family four years ago with HKD $1.82 ten billion to buy Barker Road feng shui house in The Peak.
Ho Tung Gardens is located in No.75 Peak Road,with site area of approximately 124,000 square feet and rebuild plot ratio of about 0.5 times, the project in 2011 had approved building plans, quasi-built 11 houses,including a 3-storey and 10 4 story, involving a total of 62,000 square feet of floor area.
Redevelopment and sell with the price which recorded the most expensive in the global
Cushman & Wakefield Valuation Consulting Greater China director Cheung Kiu Choi said that the project has reached a single meter of floor price of HKD$82,258, to predict the future price per square foot in HKD $130,000 to HKD $150,000,have a great opportunities creating Hong Kong, and even the world's most expensive price per square foot. In respect of each house of about HKD $5,500 square feet project design, the future price of each room is expected to reach HKD $7.0 billion to HKD $8.0 billion,if the new buyer will reentry Each bungalow area between the fine to 3,000 square feet, built 20 houses, due to extremely expansive hilltop supply,lowering the threshold for admission is bound to stimulate demand,the price per square foot may push higher.
At present, the world's most expensive transaction records was Monaco penthouse La Belle Epoque households, the unit with the area of about 17,500 square feet, in 2010 sold with the price of nearly HKD $2.37 ten billion, equivalent to the price per square foot of HKD $135,000.The highest price in Hong Kong mansion transaction records was located in No.10 Pollock Path,The Peak,with an area of about 5,989 square feet of the house,sold with the price of HKD $8.0 billion in June 2011,equivalent to utility price per square foot up to HKD $133,500,with world record have only HKD $2,000 difference.
