SHINE HILL DEVELOPMENT LIMITED 澤峯發展有限公司
Government sells last portion of Citibank Plaza to Champion REIT
HK Government, 30-May-2013
The Government, via Inland Revenue, should also collect 8.5% stamp duty (if its proposed Double Stamp Duty law is passed), or $183.2m. On the Government's figures, the GFA is 6161 sq.m. or about 66,317 sq ft, so the price is $32,500/gsf, or $35,262 including double stamp duty. Champion REIT now owns 100% of Citibank Plaza until 30-Jun-2047.
HK Government, 30-May-2013
The Government, via Inland Revenue, should also collect 8.5% stamp duty (if its proposed Double Stamp Duty law is passed), or $183.2m. On the Government's figures, the GFA is 6161 sq.m. or about 66,317 sq ft, so the price is $32,500/gsf, or $35,262 including double stamp duty. Champion REIT now owns 100% of Citibank Plaza until 30-Jun-2047.
Government invites tenders for 4 floors of Citibank Tower
| Gazette
HK Government, 15-Mar-2013
These are the only bits of Citibank Plaza not owned by Champion REIT (2778), so we wonder who else will bid for them! The property sits on Inland Lot 8888, a land lease from 3-Aug-1989 to 30-Jun-2047, 34 years from now, a lot less than most of the land in Central south of Connaught Road, which sits on 999-year leases.
HK Government, 15-Mar-2013
These are the only bits of Citibank Plaza not owned by Champion REIT (2778), so we wonder who else will bid for them! The property sits on Inland Lot 8888, a land lease from 3-Aug-1989 to 30-Jun-2047, 34 years from now, a lot less than most of the land in Central south of Connaught Road, which sits on 999-year leases.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy