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Written by: Chen Shuxia
2021-05-30 19:19
Last update date: 2021-05-30 19:20
Sino Group's "Huang Tingfang Charity Fund" and Chinese Land Estate announced earlier that they had jointly donated a one-bedroom unit worth 10.8 million yuan in the Kwun Tong redevelopment project and the luxury residence Kai Hui in response to the Hong Kong government's call for people to be vaccinated.
Eligible Hong Kong citizens who have completed the two shots will be eligible to participate in the lucky draw.
It is understood that the developer will pay stamp duty or double stamp duty on behalf of the developer. The actual amount depends on the home ownership of the winner.
If the lucky person owns the property, based on its market value, the double stamp duty that needs to be paid will involve about 1.62 million yuan; if the winner is a "shell-less snail", the stamp duty will be about 405,000 yuan. The developer "package bottom".
Developers’ delivery of "grain needles" to buildings has aroused widespread discussion in the community, and the number of people who make appointments for vaccinations has recently increased.
It is understood that the unit sent this time is located on the 47th floor, which is a very high-rise (the highest 52nd floor in the whole building), with independent kitchen toilets and terraces. The landscape is open and overlooks Fei'e Mountain.
Hong Kong home buyers need to pay ad valorem stamp duty. First home buyers can pay a lower tax rate when they purchase residential units; non-first home buyers need to pay double stamp duty, which is 15% of the property price, the so-called "hot tax" .
The market price of the unit given in this lottery is 10.8 million yuan. According to this calculation, the stamp duty is 405,000 yuan, and the double stamp duty involves about 1.62 million yuan. It is understood that the developer will pay taxes on its behalf. In other words, the lucky winner can be Directly move into the unit and only need to deal with furniture, decoration and other expenses.
Sino Group's "Huang Tingfang Charity Fund" and Chinese Land Estate announced earlier that they had jointly donated a one-bedroom unit worth 10.8 million yuan in the Kwun Tong redevelopment project and the luxury residence Kai Hui in response to the Hong Kong government's call for people to be vaccinated.
(Photo by Luo Junhao)
Grand Plaza is the second and third development area of the Kwun Tong City Centre Redevelopment Project. It is located at 33 Hip Wo Street, Kwun Tong, close to the MTR station and large shopping mall APM. It is jointly developed by Sino Group and Chinese Land, with the former occupying 90% of the equity , The latter accounted for only 10%.
There are two residential towers in Phase II of Grand Mercure, the 52-storey Tower 3 and the 49-storey Tower 5, providing a total of 974 units of stratified residences.
▼In December 2018, Xinhe Opened Kaihui Demonstration Unit▼
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