China liaison office increases its Hong Kong property portfolio to more than 280 flats after its latest purchase

//China liaison office increases its Hong Kong property portfolio to more than 280 flats after its latest purchase

China liaison office increases its Hong Kong property portfolio to more than 280 flats after its latest purchase

The Chinese government’s liaison office in Hong Kong, which is exempted from stamp duties, has increased its property portfolio in the city to more than 280 flats, following its latest acquisition of 20 apartment units in Kwun Tong.The office, using an investment vehicle called Newman Investment, had paid HK$247.53 million (US$31.54 million) for 20 flats at the Grand Central complex, a venture between Sino Land and the Urban Renewal Authority, according to the Land Registry’s data.All five…

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By | 2019-02-26T00:47:50+00:00 February 26th, 2019|Business|Comments Off on China liaison office increases its Hong Kong property portfolio to more than 280 flats after its latest purchase