The veteran luxury house in Mid-Levels, Jiahuiyuan, entered the market. According to the Land Registry, the low-rise unit in Block C of Jiahuiyuan with a parking space was sold for 160 million yuan in the middle of last month. The saleable area of the unit is 3,335 square feet, and the price is approximately per square foot. It is 47,976 yuan.
The new buyer is Tung Chee-hwa, the former chief executive of Hong Kong and the current vice chairman of the Chinese People's Political Consultative Conference.
Tung Chee-hwa’s spokesperson replied to the "Hong Kong 01" inquiry that Tung Chee-hwa purchased the C2 unit of Jiahui Garden in August 2021. The unit was rented by the government for the chief executive's use when Tung Chee-hwa was the chief executive.
After resigning as chief executive, Tung Chee-hwa continued to rent the unit for private use.
In recent months, Tung Chee-hwa learned that the owner of the unit was willing to sell his property and decided to buy the unit.
This time, Tung Chee-hwa paid a stamp duty of 4.25% of the property price, which involved about 6.8 million yuan in tax, which meant that he entered the market as a first-home buyer.
As for the original owner of Shangzhi as early as 1982, he bought the unit for about 3.9 million yuan and held the goods for 39 years. Now he has changed hands and made a book profit of 156 million yuan, which has appreciated 40 times during the period.
It is understood that the Tung Chee-hwa family bought a low-rise unit in Block D of Jiahuiyuan for about 476,800 yuan in the name of the company as early as the 1970s, and they have been holding it to this day.
When Tung Chee-hwa became the Chief Executive in 1997, he did not move into the Government House. Instead, he chose to continue to live in Jiahui Garden. The government rented the adjacent low-rise unit in Block C for Tung Chee-hwa’s residence at a monthly rent of 120,000 yuan, which was the unit purchased this time. .
Former director Luo Zhiguang bought Bai Shek Kok Landor’s three-bedroom apartment for 18.86 million, tax-related 700,000 yuan, deputy director of the Development Bureau, Liao Zhenxin, bought Silver Lake and Tianfeng at 12,600 yuan per square foot, underestimated 20%, Hong Kong female tycoon Camby won nearly 700 for the first time Billion Assets "Full of Confidence in Hong Kong's Prospects" Former Senior Official Liao Benhuai's Son Purchases Kodak Building Unit for 30 Million