Hong Kong's Wen Wei Po News (reporter Ngan Lun Lok)Luxury market has suddenly become active again,it is estimated that the backlog purchasing power have start entering the market.Yesterday the city passed No.31 Kent Road,Kowloon Tong,sold in $1.40 billion HKD,the future can be built according to floor 2,127 feet calculation,the floor price of up to $65,820 HKD,breaking the Kowloon Tong ft house to a new record high,the original owners purchased the house land in $7.518 ten million HKD in 2011,lapse of two years changed hands and earned 86.2%.
Yesterday the market spread a news about a high value transaction,which located in No.31 Kowloon Tong Kent Road to $1.40 billion HKD turnover of building land with site area of 3,545 feet and 2,461 feet of roof area.However,if required by the Outline Zoning Plan,the site is zoned "Residential ( Group C ) 1 " zone,reconstruction of up to 0.6 times the maximum three layers,which means the future buildable as 2,127 feet,in order to calculate the floor price,up to $65,820 HKD per square foot,reached the highest price of the house land in Kowloon.
3D tax plus commission involving $3.43 ten million HKD
A regional agency estimates that this buyer need to pay double stamp duty of 8.5%,plus 1% commission,namely the amount of $ 1.33 ten million HKD,related to entry costs can be quite expensive.If the identity of the buyer as a foreign person or name of the company into the market,but buyers need to pay 15% stamp duty tax of about $ 2.1 ten million HKD.It is understood that the original owners in 2011 to $7.518 ten million HKDacquisition of a site in the cargo hold has two years or so,the book earned $6.482 ten million HKD,rose 86.2 percent on unit increase.
Retrieve to the information,Kowloon previous record of house land was the 4th house in Kowloon Tong Stafford Road which bought by the Yukie Group or the relevant persons in $ 41,821 per square foot in 2011,records maintained two year-end is broken,and the new record compared with the previous record,the higher the approximately $24,000 or 57%. As for the third-ranked house land deal for No.5 Cornwall Street,Kowloon Tong this year to promote,sold in $1.13 billion HKD,$40,604 HKD per square foot premium.
A large number of high value turnovers appeared in the market recently,this situation is rare,agents have speculated that the purchasing power of re-entry backlog,or the mainland capital to Hong Kong stock market and so on.In addition to the above transactions,the Southern District yesterday also pass about the doubled-house in Shouson Hill Road Las Pinadas,building area 3,494 feet and 2,940 feet of usable area,to $1.10 billion HKD turnover,equivalent to $37,415 HKD practical ft,the original owners acquired in $1.0 billion HKD in June of 2011,hold stocks for 2 years earned $ 1.0 ten million HKD,about 10%.The same hold stocks for 2 years,31 Kent Road House Las Pinadas deal with "money power" poles apart,investment properties put to the test vision and timing.
Two tenders of crown lands in Sha Tin, Yuen Long ended
In addition,today there will be two tenders of crown land ended,of which 56A in Kau District (Sha Tin Town Lot No. 579) larger buildable over 320,000 feet,the market valuation of $ 2.6 to 3.3 ten billion HKD,the floor price ranging from $8,000 to $10,207 HKD.Another one Tak Yip Street,Yuen Long,Tung Tau land buildable 231,600 feet,the construction time limit of not less than 430 partners,the market is estimated to range from $5.1 to $7.4 billion HKD, the floor price of about $2,200 to $3,109 HKD.Wheelock said yesterday that there are two sites studied,or would consider income standard.
