4th floor shop in Causeway Bay, last year, even the shell tax 92.65 million
The retail market has clearly stepped out of the bottom. In the past few years, the first-line retail outlets in Causeway Bay, where rents have fallen the most, have shown signs of stabilization, which has revived the value of investment. However, since the Government implemented the Ad valorem Stamp Duty (DSD) for industrial and commercial shops, many large transactions have been carried out in the form of “selling shells”. According to the survey conducted by this newspaper, in the past year, there were 4 transactions in Causeway Bay with more than 100 million yuan. All of them were changed hands in the form of company transfer, involving nearly 1.1 billion yuan, and tax revenue of 92.65 million yuan.
According to the Land Registry, there were 15 registrations of land sales in Causeway Bay last year, which was similar to that in 2017. However, in 2017, there were three transactions for over $100 million in shops, which fell to zero in 2018.
Last year, Causeway Bay recorded a number of land parcels with a turnover of more than 100 million yuan. All the transactions were sold in the form of company transfers. Based on the information of the Companies Registry and the market news, in the past year, there were four transactions in the Causeway Bay with a price of over $100 million. The total amount involved was about $1.09 billion.
Investor Huang Jingmin earned 350 million in two shops
The most active shipment is the senior investor “Luo Tai” Huang Jingmin. In recent months, she has made a low-profile series of P and Q shops on the ground floor of Percival Building, 77-83 Percival Street. The estimated price is 540 million yuan.
The most expensive shop at the transaction price is the underground Q shop. The construction area is about 600 square meters and sold for 380 million yuan. The price is about 633,300 yuan. In the past five years, the market has once again recorded a price of more than 500,000 yuan. Huang Jingmin was purchased in the name of Yihao Co., Ltd. at the beginning of 2010 at 94.8 million yuan. The directors of the company have recently changed to Lin Zhiqiang and Song Yumei, etc., meaning that the shop ownership has changed. As for the adjacent underground P shop, the building area is about 350 square meters, and it is resold for 160 million yuan. The price is about 457,100 yuan. The shop was purchased for $95 million in 2010. The directors of the holding company holding the shop have been served by Zheng Xinjie and Xu Liling. After Huang Jingmin sold the above two shops, the book had a total profit of 350.2 million yuan (more than 1.8 times).
Another “low-key” transaction was the ground floor of 13 Pak Sha Road. The gross floor area was about 1196 square feet. Originally, the “Shoe King” was purchased by Henderson Limited in 2009 for $160 million. However, the director of Heng Yi has been changed to Mai Peiyu. Serve as. The market expects the shop to sell for about 300 million yuan, an appreciation of 140 million yuan or 87.5%, and about 250,000 yuan per trip. The only one that has been exposed is the ground floor of No. 66 Percival Street. The construction area is about 942 square meters. Investors Tang Chunan and Cai Kezhao have purchased 250 million yuan in the form of company transfer, and the price is 265,400 yuan. The above four plots have a total transaction price of about 1.09 billion yuan. Since the transfer company’s transaction is not subject to 8.5% DSD, the buyer can save a total of 92.65 million yuan in taxes.