28/12/2017-8

Capital strategy short-term speculation two houses earn 200 million

Capital Strategy (00497) Two homes on the Shentsen Road in Jardine’s Jardine, Hong Kong with less than 1 year’s “sell shell” were sold to the Mainland’s two wealthy suburbs respectively. With a total consideration of $ 1.2 billion, they are expected to earn $ 200 million. Buyers include People and Business Holdings (01387) Chairman Dai Yongge.

Luxury houses rare cases of short fry. The properties involved are located at Nos. 11 and 12 Hin Tak Sun Road in Jardine’s Bintan. Both sites are held by the capital strategy. Earlier this year, the policy involved the purchase of two sites at a price of about $ 1 billion from businessman Zheng Jianyuan. According to market sources, Within 1 year of holding goods, it has been successfully changed hands.

Buyers include both people and business chair

According to the documents, both houses have record-setting mortgages in recent months and from the memorandum of registration, the representatives of the two property holders, namely, Ai Qing (11 Hinterstone Road) and Dai Yong Ge Dessin Road No. 12) as a company representative director sign, also means that the two properties have been successful Yi Zhu.

Among them, No. 12, purchased by Dai Yongge, has a site area of ​​about 10,496 square feet and a plot ratio of 0.6 times. It can build 6,298 square feet of floor space at an estimated price of $ 600 million. The floor price per square foot is about $ 95,300. As for the No. 11 site purchased by Ai Qing, the site area is 10,149 square feet and the gross floor area available is about 6,089 square feet. Using the same estimate of $ 600 million, the floor price per square foot is about $ 98,500. However, due to the transaction to the company’s equity transfer mode change hands, both buyers can save up to 30% of spicy tax.

Company equity transfer avoid spicy tax

Dai Yongkai’s people and businesses, once known as the operator and developer of the largest underground shopping center in China, have been transformed into wholesale markets for agricultural products in recent years. Apart from being the chairman of listed companies in Hong Kong, Dai Yongkai has invested in football industry in recent years. Including Super League Beijing Peking Man and the big boss, has also joined the Championship team Reading, now the club’s major shareholders.

As for the original owners’ capital strategy, this cargo hold is less than one year. However, as the transaction was handled in the form of corporate equity transfer, it can successfully avoid paying additional stamp duty. It is expected that this transaction will earn about $ 200 million and hold the goods for 1 year Within the make up two percent.

In the past, the capital strategy also included a track record of property speculation. In 2010, Chairman Chung Choi Yi and relevant parties purchased the A house at 39 Shouson Village Road, Shouson Hill for $ 1.15 billion from the family of Lo Kwei Cheung, the founder of Vitasoy (00345) In the next three months, the company immediately resold for 1.28 billion yuan and made more than 100 million yuan to leave. After the government introduced an additional stamp duty, the number of short speculation in the market has drastically decreased.

On the other hand, according to market sources, the policy a few months ago in the name of the company, to spend 5.33 billion yuan to the Shanghai businessman Zhou Zhengyi and Mao Yuping acquired 81 Shijiazhuang Road, recently also on the market launch sale, bid 8 100 million yuan, after deducting 30% of paid hot land tax paid when buying land, involving 160 million yuan cost, resale book is expected to earn about 100 million yuan leave.