HotListings August 2010

hotlistings Properties • Home Improvement • Lifestyle

August 2010 | Issue 9 | FREE

HK PROPERTY MARKET TO BE HEATED UP AFTER COOLING 樓市再出發

HOME SWEET HOME GASTRONOMIC HOLIDAY ALSO IN PROPERTIES QUALITY LISTINGS FROM IN NEW ZEALAND THIS ISSUE DEVELOPERS, ESTATE AGENTS 家居小改變 紐西蘭美食之旅 AND OWNERS

生活新感受

www.hotlistings.com.hk

LUXURY SEAFRONT VILLA

Villa Oom defines what true luxury living means on Phuket: residing in a private and secure seafront villa that is immersed in natural and architectural beauty; but still within footsteps of worldclass beaches, activities, shopping, restaurants and nightlife.

The villa’s modern architectural design features an open living plan that combines indoor and outdoor space, situated around the cliff-side infinity pool and accentuated by the striking Andaman Sea and heavenly Surin Beach vistas. Interiors are crisp with smart use of local Asian stone and hardwoods and detailed with contemporary art, antiques and comfortable, over-sized leather furniture.

Three spacious bedrooms are spaced out over the three levels allowing each guest to find their own personal sanctuary with private sea view decks, lavish beds and en suites. The Master Suite, located two levels down from the main living/pool deck area, consumes the entire bottom level featuring a sumptuous soaker tub and perhaps the most spectacular view on the island.

Prices from USD 2.8M

V i l l a Oom www.villaoom.com

FOR MORE INFORMATION PLEASE CONTACT Tel: (+852) 6103 0765 Email: lubukwon@netvigator.com

Do you feel that your living or working space is a bit monotonous? Decorating your home or business premises with masterpieces of art can definitely liven and brighten up your interior design. We understand that you do love art and wish to beautify your premises with pictures but you may face a concern of the need to match different interior environments and area constraints. That’s why in addition to selling genuine art pieces including Chinese ink-wash paintings, Western oil and water colour paintings, we are also pioneering to offer you with an exclusive range of free-size art printing services : Art print (with optional mounting service) Art replica Large-size mural art printing Overseas, mainland and local delivery

FINE ART GALLERY 雲峰雅苑 Tel: 2896 7800 / 9087 0002 (Ada Wong) Fax: 2515 0448 Website: www.fineartgalleryhk.com

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IN THIS ISSUE August 2010 | Issue 9

28 06

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HK PROPERTY MARKET TO BE HEATED UP AFTER COOLING 樓市再出發

FEMININE HOME WITH COOL INTERIOR DÉCOR 都市女性型格家居

Property prices dropped in May. Does that mean the market is on its way down? Or is the pause just a reaction to the gains last year?

The cool-colored design reveal the unique characters of today’s modern women.

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32

IN BRIEF 樓市快拍

NEW DISCOVERIES IN KWUN TONG’S FURNITURE STORES 觀塘家具尋寶

What is happening in the real estate market.

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It truly is an area for bargain hunters with sophisticated taste.

HOME SWEET HOME 家居小改變 生活新感受

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Design-savvy Gigi Leung brings you practical design tips on how small changes make a difference.

GASTRONOMIC HOLIDAY IN NEW ZEALAND 紐西蘭美食之旅

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TIPS FOR BUYING JAPANESE PROPERTIES 日本樓市投資攻略

Two luxury Relais & Châteaux golf & spa lodges in New Zealand are hosting a gastronomic season of world-class ‘Winter Food & Wine’ events.

The author of a popular guide on how to buy property in Hong Kong has turned his hand to the biggest property market in Asia, Japan.

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PROPERTIES 物業租售

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CLASSIFIEDS 分類廣告 Find contractors, domestic helpers, legal services and more.

A selection of properties for sale or to let.

32 hotlistings

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OWNER-TO-OWNER 業主自讓

RESOURCES 置業錦囊

Quality listings from property owners.

Mortgage rates and stamp duty information.

HotListings is published by HotListings Media Company Limited Suite 1801, Wing On Central Building, 26 Des Voeux Road Central, Hong Kong Tel +852 2537 7585 Fax +852 2537 7586 Email info@hotlistings.com.hk Website www.hotlistings.com.hk ISSN 2077-1398 Editor Julian Fung Deputy editor Fiona Murphy, Damien Waite Printed by Fantasy Printing Limited Advertising enquiries Tel +852 2537 7585 Email ad@hotlistings.com.hk Appointed advertising agency Focus Marketing Group Tel: +852 2237 0000 Email: sales@fm82.com Cover photo CHI Residences

HotLisings is distributed through convenience locations across Central and Western district, Mid-Levels, Wanchai, Happy Valley, Sai Kung, Discovery Bay and various high quality outlets. Total print run 30,000 copies. To include your business in our distribution network, please call us at +852 2537 7585 or email distribution@hotlistings.com.hk. You may also view our interactive e-magazine at www.hotlistings.com.hk The greatest care has been taken to ensure accuracy but the publisher cannot accept responsibility for omissions and errors. No part of this magazine maybe reproduced without the prior permission of the publisher or authors. The publisher does not endorse any products detailed or advertised in the magazine.

We treasure your suggestions and comments. Please email to editor@hotlistings.com.hk

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hotlistings

HK PROPERTY MARKET TO BE HEATED UP AFTER COOLING 樓市再出發 As the heat turned up as Hong Kong moved into the summer months, the property market cooled off. Prices dipped in May, and the number of deals shrank, particularly for new apartments. By Alex Frew McMillan 樓市在今年初經過一輪急升後，各項數據顯示樓價及成交量升幅開始放緩，但經過這 番喘息後，樓市會繼續保持平穩，還是再次拾級而上？

I

t’s not surprising there’s been a bit of a lull.

Through the first three months of the year, Hong Kong’s property prices were the fastestgrowing on the planet, according to the Global Property Guide. The city saw house-price growth of 27.2% for the year through the end of the first quarter, when adjusted for inflation.

Such a heady pace of recovery placed Hong Kong atop a list of 36 markets around the world, just ahead of Singapore, which saw prices pop 23.9% for the year through March, and then Taiwan and Australia.

That put off buyers like Harold Leung, an executive director with a Hong Kong-based investment-management company. Having got married last year and with his wife, Elsa, getting ready for their first baby in July, he’s had his eye on buying an apartment for some time. But he keeps getting put off by the high prices in the city.

“There needs to be a big adjustment before we can go into the market,” he said. “I think the property market is overpriced. But for the last few years, I’ve been wrong.”

Plenty of other potential buyers also became more and more circumspect. Their unease wasn’t helped by a confluence of negative factors this spring.

There was scary big-picture news with the debt problems in Europe, and worrying indications that the U.S. housing recovery might not be as strong as expected. At a local level, the results of land sales in Tung Chung and Fanling were disappointing.

踏

入盛夏，香港的氣溫屢創新高，但相對樓市氣 氛，卻在一輪升勢後，最近稍有降溫之勢，五 月份本地樓市不僅成交稍為萎縮，樓價亦輕微下 調，尤其是以新盤銷售尤為顯注。 跟據地產研究網站「全球房地產指標」統計，在有統計 三十六個國家地區當中，香港的樓價升幅冠絕全球，在本年 首三個月短短的時間內便漲了超過兩成七，排第二位是新加 坡，升幅是23.9%，緊接是台灣及澳洲市場。 樓價急升讓部分有意置業人士卻步。本身是一家資產管 理公司執行董事的Harold，去年與妻子共偕連理，孩子在七 月出生，與此同時他希望在這段時間物色新居，但香港樓價 不斷飆升，讓他一再三思。 「現在樓價實在太貴了，所以我認為要有很大幅度的調 整，才可以吸引我作置業大計；但我也承認在過去幾年樓價 偏低，卻猶豫沒有入市，讓我錯失置業良機！」 現時有很多準買家對入市都變得審慎，即使今年初有多 個壞消息傳出壓抑樓價，也未能讓他們果斷入市，當中包括 歐洲爆發債務危機、美國樓市復蘇前景難測；而在香港方 面，東涌和粉嶺賣地成績未如理想、港鐵南昌站項目估計 補地價過高，未能吸引發展商而「流標」，更重要的是，香 港和中國大陸政府均對外「吹風」，有意遏抑過份飆升的樓 價。 在多個因素驅使下，樓價稍有回順，房地產仲介公司萊 坊指出，經過四月份的微升後，本港豪宅樓價在五月份下調 百分之二至三，而豪宅以外的物業市場亦顯示相似走勢。但 數據顯示樓市從此調頭向下？還是只是在去年一輪急劇升勢 後，樓價稍作喘息？ 跟據金融管理局的統計，五月份本港新申請樓宇按揭宗 數為二萬零二百八十三宗，比對上一個月下跌超過一成一，

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hotlistings

The MTR Corp. withdrew the tender for the residential report on the Hong Kong residential market. But project at the Nam Cheong MTR station, presumably Colliers is still forecasting a 10% increase in luxury because the bids weren’t attractive enough. To top it residential prices over the next 12 months, with an off, both mainland China and Hong Kong governments improving economy, rising demand from occupiers were making noise about pulling back property market and inflationary pressures all driving the market. price gains before they ran away.

It was the government’s pledge to make sure Prices fell as a result. The brokerage Knight Frank there was a steady supply of new sites coming up for says luxury home prices dropped 2% to 3% in auction that gave developers pause for thought. But May, after marginal gains in April, and mass-market some observers believe the Ho Man Tin sale shows apartments showed similar declines. developers are now convinced there will be more But does that mean the market has turned and is on posturing than action on that front. its way down? Or is the pause in prices just a reaction “I think the thing is everybody has realized that to those world-beating gains last year? the measures the government has introduced are It’s interesting to take a closer look rubbish,” Au-yeung says, “A lull was natural after at how the slowdown is affecting the with minor tinkering on the market. stamp duty and minimum such strong gains through The number of new mortgage downpayment for luxury flats.

March. But unless China or “There’s nothing really useful. applications in May, the most recent figures available, dropped 11.1% from And now they are talking the United States start to the month before to 20,283, according about some other issues, to the Hong Kong Monetary Authority. raise interest rates, or the regulations on inflated floor The value of new mortgage loans Hong Kong economy takes area.” drawn down for the month was up The mainland Chinese 12.7% over April, to HK$28.9 billion, another hit, prices are likely government has introduced but that of course reflects property much more wide-ranging to resume their rise.” purchases agreed some months measures to cool the flow of beforehand. “hot money” into investments Still, there’s little sign of a mass selloff or the kind and property in China. That’s likely to have a more of buyer’s strike that afflicted the Hong Kong market significant impact on Hong Kong property. during the credit crunch. In fact, brokers say activity Last year, mainland Chinese buyers accounted resumed in June after the successful sale of a luxury for 50% to 60% of Fidelity Real Estate’s business, residential site at Ho Man Tin in a government land by dollar value, a figure that has declined to around auction.

40% this year.

“The market has come back and is actually going up “We still have inquiries from China but the over the last few weeks,” John Au-yeung, a broker with makeup has declined,” Au-yeung says. “There is still Fidelity Real Estate & Management Co., says. “I think money coming in but not as much as last year.” the momentum has resumed.”

Like Colliers, Midland Realty forecasts overall Separate figures from the Land Registry show a gains of 10% to 15% for the full year, even if similar slight blip in May, with the total number of there’s a price correction of as much as 5% in the transactions in the Hong Kong property market down short term. The slowdown in sales may encourage 6.8% month over month, to 13,067. That would reluctant buyers to enter the market. be significant if it continued for several months but “Over the past few months homeowners have probably doesn’t spell the start of a major dropoff in been very aggressive with their asking price,” Buggle sales.

Lau, the chief analyst at the brokerage, says. “Some It was new building sales that saw the most dramatic buyers will make use of this opportunity to negotiate change in May, with the number of primary residential with homeowners. We are not talking about a freeze sales down 65% for the month, to just 685 flats. A in the market.” similar number of new flats were put on the market A lull was natural after such strong gains through that month, showing that developers slowed their sales, March. But unless China or the United States start to and only 50% of the units put on the market sold that raise interest rates, or the Hong Kong economy takes month, less than the 65% long-term average in Hong another hit, prices are likely to resume their rise.

Kong, according to Colliers International.

“We had a very strong market over the past 15 “The hold back in the primary sales market will months or so but of course that is mainly driven by result in an overall slowdown in residential sales low interest rates and ample liquidity,” Lau says. volume in the short run,” the brokerage says in its June “These fundamentals are still in place.”

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hotlistings

涉及金額為二百八十九億元，金額較對上一個月上升一成二。 雖然金管局的數據是反映上一個月的滯後數字，但從種種跡 象來看，即使面對上一波的歐洲信貸危機，但香港樓市亦未有出 現成交急降或「劈價潮」。市場人士亦指出，及後何文田豪宅地 以高價成交後，市場氣氛再次好轉，都讓各區成交轉趨活躍。 煇騰置業代理歐陽輔安表示：「經歷過短暫調整後，本港樓 市在過去數星期已重拾升軌，我相信這個升勢動力會持續。」 正面和負面消息充斥市場，市場人士各持不同觀點，顯示出 樓市正處於一個缺乏方向的上落格局。土地註冊處的資料顯示， 五月份樓市成交宗數是一萬三千六十七宗，比對上一個月下跌百 分之六點八，如果跌勢持續，將會是一個令人擔憂的數字，但目 前看來，這並不是樓價大跌的先兆。 此話何解？五月份成交量下跌某程度跟發展出推出一手盤放 緩有關，跟據高力國際的資料顯示，該月只售出六百八十五個一 手單位，較對上一個月下跌六成五。另一方面，該月發展商只售 出一半新推出市場的住宅單位，較平均六成半的比率為低，顯示 出發展商不急求售，推售意欲低。 高力的香港住宅物業報告指出，發展商放慢推出一手樓盤速 度，會在短期內減少物業成交宗數，但隨著經濟環境改善、住屋

「經過三月急升後，現在樓市 稍為放緩屬正常現象，除非中 國和美國開始加息，或香港經 濟受到其他因素再遇到打擊， 否則我看不到有窒礙樓價上升 的因素。」

需求上升以及通脹升溫，仍樂觀預計豪宅物業樓價會在未來 十二個月上升一成。 香港政府推出「九招十二式」遏抑樓市炒風，並承諾會 提供穩定土地供應，供發展商競投，讓發展商憂慮措施會令 樓市低迷，但有市場分析指，何文田豪宅地最終卻以高價成 交，讓發展商覺得政府壓抑炒風的政策，姿態多於實際。 歐陽輔安認為，市場普遍認為政府推出「九招十二式」 措施作用不大，因為當局僅僅在豪宅印花稅及首期金額限制 作小修小補，根本對遏抑炒風毫無幫助，現時當局更已經將 焦點轉移到其他事項上，好像規管「發水樓」等，遏抑樓價 效用如何，已沒有太多人再提及。 相對香港，大陸政府以更廣泛的措施控制熱錢流入投資 以及物業市場，相信此舉會對香港樓市的打擊更大。 以煇騰置業為例，去年透過該行買賣的物業價值，有五 到六成是涉及中國大陸客人，但今年則有下降趨勢，只佔四 成左右。「我們仍有來自中國客戶的查詢，但無論客量和涉 及物業的金額，都較以往為少。」 儘管如此，市場人士普遍對今年樓價趨勢仍然看好。美 聯物業認為，短期內樓市會下調百分之五，吸引買家趁低入 市，所以估計全年整體香港樓價可以上升一成至一成半。 美聯物業首席分析師劉嘉輝指出，過去幾個月內業主對 自己物業的開價過於進取，現在有買家利用樓價短期調整的 機會，向業主議價，希望在樓價再上升之前入市。 「經過三月急升後，現在樓市稍為放緩屬正常現象，除 非中國和美國開始加息，或香港經濟受到其他因素再遇到打 擊，否則我看不到有窒礙樓價上升的因素。」劉氏指出，「 樓市在過去十五個月有強勁的表現，但無可置疑是，低息環 境和資金充裕是當中主要因素。」他相信這個兩個基本因素 仍會存在。

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Industrial & Office Sales / Lease Specialists in Island South

Unit 19-21, 5/F, Tower B Southmark, 11 Yip Hing Street, Wong Chuk Hang, Hong Kong. Licence No: C-010936

www.grea.com.hk Yally Ind Building

Ind Building in Southside

9.9M

18M

3028’ + 2783’ Flat Roof

7500’

Unique Huge Terrace 罕有大平台

Full sea view 全海景

Tin Fung Ind Mansion

SouthMark

Po Chai Ind Building

Derrick Ind Building

t

gen

A ole

S

18.8M

@3800 768’ - 11438’

21M

7877’

6M

6910’

1979’ - 2220’

Corner units, Full sea view 全山海景，配套完善

Ocean Park & Mountain view 海洋公園景

Green View, With carpark 樹景，連車位

Convenient Accessibility 交通方便

Wong Chuk Hang Ind Building

Kin Teck Ind Building

Hing Wai Centre

Harbour Ind Centre

18M 5000’ + Private Roof Top

8.8M

@1900

3990’

Aberdeen Marine Club View 深灣景，罕有全層

Investment Choice 穩賺投資

Sun Ying Ind Centre

The Factory

1064’ - 6110”

2.4M 1010’ - 2290’

Full sea view 全海景

Stunning sea view, 12’ headroom 臨海工廈，特高樓底

B.T. Centre

Regency Centre

ent

nt

ge le A

g le A

So

3.45M 1882’ - 2076’

High efficiency 實用率高，管理完善

Investment Hotline:

So

@12 2000’ - 4500’

Sky lounge, Chic interior design 複式單位，全新裝修

@8

@8.8 1000’ - 8000’

Flexible Size 全幢翻新工廈，間隔靈活

800’ - 6000’

Well decorated lobby 華麗大堂，裝修即用

3527 0911 • 9326 3293 Jeff Wong

MAKE YOUR SOUTHSIDE CONNECTIONS TODAY

Admiralty

Ocean Park

Wong Chuk Hang

Lei Tung

South Horizons

COMMERCIAL INVESTMENT OPPORTUNITY

IMMEDIATE OPPORTUNITIES

Getting where you want to go is all about making the right connections at the right time As the affluent southside residential districts and the Ocean Park tourist centre become more accessible with the planned MTR extension, now is the time to invest in the ideally located hub area of Wong Chuk Hang.

WONG CHUK HANG ROAD Site area : app 18,000 square feet Sale units : 8,000 to 35,000 square feet

CALL – WINNIE HO, DIRECTOR

9603 7888

Licence: E209966

JEFF WONG, ACCOUNT MANAGER

9326 3293

Licence: S130432

This industrial zone is ripe for development.

Connected to the city-side via the Aberdeen Tunnel and the planned MTR line, centrally located between the wealthy residential areas of Pok Fu Lam, Repulse Bay and Stanley, and within view of Ocean Park’s new hotel developments, you couldn’t wish for a more connected area.

To make your southside connections today, speak to the southside experts. With 15 years experience on the spot, Garson Real Estate Agencies has made its name as the people to come to for southside commercial and industrial property investment.

SPEAK TO THE SOUTHSIDE EXPERTS: 2873

3600

24 HOUR HOTLINE

Licence: CO10936

hotlistings

For sale/ lease

Visalia Garden HKD32M | 1,942 sq.ft

3 bedrooms/2 bathrooms, maid’s rm, car park Easily accessible, city views, good condition Also available for lease, HKD70K Inc.

For sale

King’s Court HKD19M | 1,300 sq.ft

For sale/ lease

Aegean Terrace HKD29M | 2,417 sq.ft

3 bedrooms/2 bathrooms, walk-in-closet Green, mountain & sea views, full length balcony Also available for lease, HKD75K Exc.

For sale

Northcote Close HKD12.5M | 1,650 sq.ft

Celebrating 25 Years of Premium Services in Real Estate & Relocation 2 bedrooms/2 bathrooms, superbly renovated 1,400 sq.ft terrace, ideal for entertainment Rare on market, located in Pok Fu Lam

For enquiries call or visit our website

+852 2281 7800

For lease

Ernie Leung

HKD115K Inc. | 2,546 sq.ft

For lease

Hong Villa HKD70K Inc. | 1,916 sq.ft

k ea se Br ea L

www.asiapacificproperties.com

The Albany

3 bedrooms/2 bathrooms, maid’s rm, car park Balcony w/ soothing green views, excellent value Located in one of Pok Fu Lam’s lovable low-rises

+852 6300 4703

EAA License: S-275750

Alana Fruean +852 9221 3607 EAA License: E-262718

Chris Chan

+852 9358 4254

EAA License: S-114541

Ruby Suen

+852 6298 7288

EAA License: S-034063

Belinda Woo

+852 9433 9999

3 bedrooms/2 bathrooms, balcony, maid’s rm Spectacular city views above Botanical Gardens Conveniently located in the heart of Mid-Levels

3 bedrooms/2 bathrooms, maid’s rm w/ toilet Balcony, stunning harbour & green city views Highly upgraded kitchen, located on Bowen Rd

EAA License: E-079993

For International Properties

Christopher Harris

+852 9230 0691

For sale

New York – East Village USD1.490M | 2,089 sq.ft

For sale

New York – Chelsea USD595K | 567 sq.ft

ASIA PACIFIC PROPERTIES LTD. 14/F Wilson House 19-27 Wyndham Stre e t Ce ntral, Hong Kong EAA Lice nse : C-002320

Garden duplex w/ stunning landscape features Sunny, spacious interior in mint condition, rare Great location, short walk from trendy restaurants

South facing luxury corner unit, excellent area Post war condo w/ great lighting & closet space 1st class specification & amenities incl. concierge

hotlistings

IN BRIEF RMB Rise May Damp Hong Kong Property Market 人民幣升值 不利香港樓市？ An expected appreciation in the renminbi may damp mainland investment in Hong Kong’s residential properties.

Hong Kong dollar-denominated assets will become less lucrative among mainland investors as the city’s currency will likely be weakening against China’s renminbi. The profit a mainland investor could make may be reduced due to the exchange risks.

Hong Kong’s property prices have risen by about 50 percent since 2005 when renminbi de-pegged from the US dollar and adopted a managed float against a basket of currencies. However, mainland investors’ profit from their Hong Kong real estate investments amounted to 25 percent when the rise in renminbi exchange rate is factored in.

According to Centaline Property Agency, mainlanders accounted for 13.4 percent of luxury residential buyers in Hong Kong in the first four months of this year, fell about 5 percentage points from last year’s average of 18.1 percent. This was a noticeable figure that may reveal the limited profits may deter mainland buyers from investing in Hong Kong properties.

However, market watchers remain positive despite the expected weakness of the Hong Kong dollar against the renminbi as the Chinese government’s policies to clamp down on the mainland property market may encourage mainland buyers shifting to the Hong Kong market.

香港樓價持續上升，加上人民幣匯率屢創新高， 幣值相對上升，港元資產變得吸引，吸引中國大陸民 眾在香港置業，近期豪宅地皮更以高價成交，也反映 發展商看好大陸資金湧入，「撐起」豪宅市道。 不過如果市場過於憧景內地人在香港大舉掃貨， 帶動樓價，這亦未免過於樂觀。因為若內地人在香港 以港元置業，獲利轉售後將利潤轉為人民幣，就要承 受港元弱勢而帶來的匯率差價，變相減少獲利幅度。 自二○○五年中國改革人民匯率機制以來，香港 樓價約有五成升幅，但如果將售樓利潤由港元轉為人 民幣，五年來的投資實質利潤只有約兩成半，賬面足 足減少一半。 跟據中原地產研究部的資料顯示，今年首四個 月，大陸民眾在香港購買二手豪宅的比例，只有 13.4%，較去年 整體的18.1%， 下跌接近半成， 這個跌幅是否反 映部分大陸投資 者意識到投資港 元資產，獲利幅 度並不像預期般 高，則不得而 知，不過肯定是 值得留意的樓市 現象。 不過有市場人 士對港元轉弱抱 樂觀的態度，由 於中國政府調控 樓市，讓中國富 豪轉為投資政策 風險較低的香港 市場，加上不少 富豪購入香港豪 宅，都是為了彰 顯財富和名氣， 所以不惜繼續在 香港大舉掃貨， 就如女士願意以 高價購買名牌手 袋的道理一樣。

RMB

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Central’s Retail Property Sold at Record 中環商鋪成交創紀錄 The Wu family, founder of Hong Kong’s Wing Lung Bank, has sold a retail property in Hong Kong’s prime district Central for a record HK$450 million, or more than 25,000 per sq ft.

The property, consisting basement, lower ground and upper ground floor of Wings Building at 110 to 116 Queen’s Road Central, is opposite to The Centre and neighboring Hang Seng Bank New Headquarters Building. The 17,941-sq-ft unit is currently rented to Wing Lung Bank for HK$825,000 per month, representing a rental yield of 2.2 percent based on the transaction price.

This most expensive retail property in Central has broken the previous record that set by the unit on the ground floor of Wheelock House at Pedder Street which sold for HK$390 million, or HK$46,000 per sq ft.

The record for Hong Kong’s most expensive retail property was made by the end of last year. The Emperor Group bought a 1,200-plus sq ft retail property at Canton Road in Tsim Sha Tsui for HK$843 million, an average.

中環商鋪有價，但業主多保留長線收租，鮮有推出 市場出售。由永隆銀行創辦人伍氏家族持有的皇后大道 中永恒商業大廈地鋪，最近以四億五千萬元售出，創下 歷來中環最大金額的商鋪成交，平均呎價超過二萬五千 元。 該成交商鋪現時由永隆銀行租用，位於即將進行活化 工程的中環街市對面、半山扶手電梯側，亦同時毗鄰中 環中心、恒生銀行總行。鋪位總面積17941方呎，由地 庫、低層地下及高層地下共三層組成，連租約出售，以 成交價四億五千萬元、以及現時月租八十二萬五千元計 算，回報率為二點二厘。 中區商鋪極少放售，在此項成交之前，中環最大金額 商鋪成交紀錄，一直由畢打街會德豐大廈花旗銀行地鋪 保持，金額達到三億九千萬元，實用面積呎價為四萬六 千元。 而全港最貴的鋪王，則在去年底創下，英皇集團以八 億四千三百萬元，購入尖沙咀廣東道六號及八號地鋪， 以一千二百餘方呎計算，呎價接近七十萬元。

Government to Tighten ‘Inflated Building’ Regulations 政府出手監管發水樓 Hong Kong’s Council for Sustainable Development has suggested capping the “inflated area” for new developments.

Bernard Chan, chairman of the council, said the council didn’t include the maximum ratio for the inflated area in its report as the implementation should be decided by the Development Bureau.

Carrie Lam Cheng Yuet-ngor, secretary for development, said the government will study the council’s suggestions carefully.

It is hoped that the government could launch measures to balance the interests of property developers and homebuyers.

The Development Bureau had also appointed the Council Sustainable Development to study issues including “walleffect” buildings and heat island effect in Hong Kong. The council suggested to widen streets and to spare more spaces between buildings. Developers are also recommended to keep green area coverage at 30 percent for new developments. 香港樓市操作手法被部分市民詬病，其中一個理據是政府監管政策向發展商傾斜。以發水樓為例，有樓盤僅獲批住宅樓面 二十萬方呎，但最終連同發水部分計算，發售超過四十萬方呎，十分誇張。 發展局早前委託「可持續發展委員會」進行研究，針對屏風樓及熱島效應日益嚴重問題提出建議，當中包括將樓宇後移， 騰出空間擴闊街道，另外亦要在樓宇之間預留空間，有利街道通風，部分新樓亦要預留約三成上蓋面積作為綠化空間，停車 場亦應向地底發展。 至於最具爭議性的樓宇「發水」問題，委員會只建議要設定上限，但沒有建議具體比率，委員會主席陳智思指出，報告只 屬建議性質，具體如何執行應由發展局決定；而發展局局長林鄭月娥則表示會謹慎研究建議。究竟當局能否透過監管平衡發 展商及置業人士的利益，就要拭目以待！

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CHI Residences to Launch Wan Chai Project CHI Residences進駐灣仔區 Serviced apartment operator CHI Residence will launch its fifth Hong Kong project in Wan Chai in early 2013.

The serviced apartment building, at Johnson Road, is to provide 46 units and featured with swimming pool and landscaped gardens.

The project consists of 40 studio, one-bedroom and two-bedroom units and four top floor two-bedroom duplex apartments, two of which have private access to roof gardens.

The “beamless” high ceiling environment and the floor to ceiling windows are to make each room more comfortable. The building is also featured with individual “iconic” facade system that incorporates private projecting balconies “The group is expanding rapidly to meet continuing, exceptional demand for high quality serviced apartment accommodation in Hong Kong,” said Pilar Morais, owner of CHI Residences.

The serviced apartment operator was founded in 2008 and opened its serviced apartment complex at 120 Connaught Road West. The company has also expanded to Kowloon opening three more complexes -- at 393 and 279 Shanghai Street in West Kowloon, and at 314 Nathan Road, Jordan.

服務式住宅營運商CHI Residences宣佈，將於灣仔莊士敦道興建於香港第 五座服務式住宅，該項目共提供46個住宅單位，並附設泳池及綠化空間，預 計於二○一三年初落成開幕。 四十個單位當中，包括開放式單位、一房單位、兩房單位、以及四個頂層 複式單位，其中頂層複式單位更設有獨立樓梯通往天台花園。所有單位均擁 有高樓底、無橫樑的特點，而落地玻璃窗及向外延伸的私人露台，營造出具 個性的大廈外觀。 CHI Residences持有人及行政總裁Pilar Morais表示：「集團發展迅速，為 滿足本港市場人士對高質素服務式住宅持續不斷的嚴謹需求。」 CHI Residences在二○○八年創立時，率先推出上環干諾道西一二○號服 務式住宅項目，及後將版圖擴展至上海街三九三號及二七九號，以及彌敦道 三一四號物業，連同灣仔項目，目前該公司在香港共有五個服務式住宅項 目。

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HOME SWEET HOME 家居小改變 生活新感受

Design-savvy Gigi Leung brings you practical design tips on how small changes make a difference. 要家居變得舒適兼具特色，不一定要勞師動眾全屋大翻新！一些小小的變動，加上不 同的家具和擺設組合，也可以讓您的家有全新感受。

B

orn in Hong Kong, I left over 25 years ago to pursue an education and a career in the United States. I graduated from design school in Los Angeles, and eventually settled in New York City. Last year, I took a trip back to Hong Kong to visit my parents for a few weeks. That trip turned out to be a serendipitous point in my life.

During that visit, a childhood friend of mine asked me to help her decorate and furnish a newly constructed five-star hotel and casino in Macau. I travelled to China and had primary responsibility for sourcing and selecting over 1,500 paintings and artwork for the casino and the hotel rooms. My visit, which extended to over eight months, resulted in my falling in love with Hong Kong once again, which I now call my home.

I’ve learned to live within the limited space confines of small homes, through my childhood in Hong Kong and most of my adult life in a New York City apartment.

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十五年前，筆者離開香港到美國生活， 除了在洛杉磯入讀設計學校，畢業後也 在紐約工作和定居一段頗長的時間；去 年我回到香港探望雙親，幾個星期內的經歷，成為 我生命的一個重要轉捩點。 這趟香港行中，我遇上一位兒時好友，剛巧她 正在負責澳門一家五星級賭場酒店項目，並需要設 計師物色合用的擺設。由於我在設計上有一定的經 驗，於是我們一拍即合，我替她在中國大陸搜羅一 千五百幅不同風格的掛畫和藝術品，作為賭場和客 房的佈置的一部分，也因為這個原因，我將原本 一、兩個星期的探親之旅，延長到八個月，以迎接 這個新挑戰。 不管是小時候在香港，還是長大後在紐約生活， 我都學會如何好好利用有限的家居空間，營造出最 好的生活環境。如果想家居有一點新感覺，很多人

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For example, instead of spending for a large-scale renovation or a complete new set of furniture, a minor change can go a long way. Since a significant time at home is spent sleeping, I decided to upgrade my bedding in the short-term rental I am living in now. I purchased two sets of white and cream colored 700-thread count sheets with a matching duvet cover and accompanied by two down pillows.

The new bedding greatly enhanced my rental apartment without my having to spend a lot of money.

My apartment in New York City was a one bedroom, one bath unit with windows wrapping the apartment on three sides offering a partial view of the Empire State building. It was decorated simply and comfortably. While friends had offered suggestions on painting my white walls a different color, those walls were my canvas. The colors and character of the apartment came from the furniture, and the photos and artwork on the wall.

Even though I prefer my apartment to be free of clutter, I like that I can fill in some of the spaces with small items, which can resemble my own personal collection of oddities.

I constantly came across bizarre and lovely things at antique stores, thrift stores, and flea markets in New York City. In Hong Kong I have discovered the extent of antiques that can be found on Hollywood Road and Lascar Row. And I was surprised at what I could find in the Central SoHo area. Now, the challenge is always finding the right spot in either my home or my client’s homes.

會將整個單位重新裝修，或替全屋添置全新家 具，但其實只須要小小的改動，也可以帶來煥 然一新的感受。 譬如說人的一生有差不多三分之一的時間， 花在睡眠上，為了得到優質的睡眠享受，我購 買了兩組分別白色和奶白色的七百針床單、被 套、以及兩張羽絨被。雖然我住的是一個租賃 單位，我不可能作太多裝潢改動，但只要作這 個小小的改變，就能大大改善我的生活質素。 至於我在美國紐約的家，是一個一房單位， 單位的三邊窗戶都可以享受到紐約地標帝國大 廈的景觀，裡面的裝潢則以簡約舒適為主。有 一次我的朋友到訪我家時，覺得室內的牆壁 太過單調，建議將其中一面白色牆增添色彩， 於是我索性將它變成我的畫布，畫上我喜歡圖 案。 總的來說，一個家居能否顥露屋主的獨特個 性，視乎單位內各個元素如何鋪排整合，以我 的家為例，單位的個性就是由家具、相片、以 及牆上的圖案拼湊而成。 即使我希望家裡井然有序、沒有多餘的雜 物，但我仍然希望用一些小擺設點綴一番；好 像我常常會在古董店、廉價商店或跳蚤市場， 搜羅一些奇特和有趣的小擺設。而在香港，不 僅可以在荷李活道、摩羅街一帶物色到古董精 品，現在甚至在蘇豪區一帶也進駐了一些古董 店。經過一番尋尋覓覓，搜購了這些戰利品， 我現在就要好好思考如何將它們好好的放置在 我和客戶的家居了！

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// Ideas for decorating the living area are limitless. Here are some contemporary and stylish suggestions: • Mix things up: Pair a modern sofa with an antique armchair • Pick a wall become your ‘photo album’: Incorporate vacation photos or family photographs in either the same color frame or differently-shaped frame on a wall • Divide it up: Separate a large, undefined space into smaller areas with a chic sheer drape or decorative screen.

• Create instant drama and/or romance: Use backlights behind a sofa to illuminate a large wall to make a bold statement.

• Tell a story: Create a table top or space on a shelf with all of your travel collections.

• Create a centerpiece: A single artwork, painting, or poster can become the centerpiece of the living room.

• Rethink color sources: Neutral paint colors such as white and beige allow for the room’s accessories such as pillows, vases, and area rugs to stand out, not to mention be easily replaced as other colors become more desirable.

// 佈置家居的點子可以說是無窮無盡，如果 你想用當代時尚風格裝潢，可以參考以下的建 議： • 將不同風格的家具拼湊起來，例如將一張 古董扶手椅，放在時尚設計的沙發旁邊。 • 將家中其中一堵牆變成你的「相片簿」， 用相框將你的旅行照或全家福，用不同組 合方式掛在牆上。 • 將一個較大的空間，利用屏風或薄紗掛簾 分隔成不同的部分。 • 營造浪漫或有趣效果，可以在沙發後射出 光束，其背光效果讓空白的牆壁都變得有 意思。 • 在其中一個桌面或層架放置您的旅遊記念 品。 • 不管是一幅掛畫、藝術品或海報，都可以 變成客廳的視覺焦點。 • 重新思考單位的顏色組合，如果房間主色 調是白色、米色等等的自然色系，房間中 的花瓶、地毯、枕頭等，都可以變得更為 突出。

Gigi Leung is the founder of Gi-Space Design. For details please visit www.gi-spacedesign.com

Gigi Leung是Gi-Space Design的創辦人，如需要 進一步資料，請瀏覽 www.gi-spacedesign.com

Metro City 首

professional property 都 services

Hollywood Terrace, Hollywood Road 荷李活道 荷李活華庭

Mid-Levels

2869 6321

Sai Ying Pun

2857 7321

Shop 5, G/F, 31-37 Mosque Street, Hong Kong

Shop 5, G/F, 52-54 Third Street, Hong Kong 3 Chico Terrace, Mid-Levels 半山區 芝古臺三號

SOLE AGENT

639 sf | $6.5M

583 sf | $5.2M 18K

2 bedrooms • Sea views • Steps to Central and public transport 兩房單位 • 海景 • 鄰近地鐵站及商業區

Stylish decoration and furnished • Open kitchen • Quiet location 時尚裝修 • 開放式廚房 • 扶手電梯旁

Apartment with rooftop, Robinson Road 羅便臣道 連天台住宅

Ying Piu Mansion, Breezy Path 卑利士道 應彪大廈

The Rednaxela, Rednaxela Terrace 列拿士地臺 帝華台

Albron Court, Caine Road 堅道 豐樂閣

SOLE AGENT

904 sf | $11.9M

969 sf | $10M

934 sf | $8.5M

1,575 sf | $14M

3 bedrooms • With rooftop sized 650 sq ft 三房單位 • 附設650方呎天台

2 bedrooms • Stylish decoration 兩房單位 • 時尚裝修

3 bedrooms with ensuite • Clubhouse 三房連套房 • 附設會所 • 扶手電梯旁

4 bedrooms • Sea views • Steps to SOHO 四房單位 • 海景 • 鄰近蘇豪區

Rowen Court, Babington Path 巴丙頓道 樂賢閣

Grandview Garden, Bridges Street 必列者士街 雍翠臺

3 Chico Terrace, Mid-Levels 半山區 芝古臺三號

Amber Lodge, Hollywood Road 荷李活道 金珀苑

864 sf | $8.2M

550 sf | $4.9M

583 sf | $5.4M $19K

440 sf | $3.88M $17K

Sea views • With carpark 海景單位 • 附設車位

One bedroom • Quiet location • Sea views 一房單位 • 環境清靜 • 海景

2 bedrooms • Adjacent to escalator 兩房單位 • 鄰近扶手電梯

1 bedroom • Adjacent to escalator 一房單位 • 開揚景觀 • 鄰近扶手電梯

Sun Luen Building, Bonham Road 般咸道 新聯大廈

Fung Yat Building, Third Street 第三街 豐逸大廈

Apartment with rooftop, Third Street 第三街 連天台住宅

Apartment with rooftop, Second Street 第二街 連天台住宅

800 sf | $6.48M

462 sf | $2.88M $12K

260 sf | $1.89M $8K

400 sf | $2.58M

Easy access to transport • Future escalator 交通方便 • 未來扶手電梯旁

High floor zone • Balcony • Open views 高層單位 • 附設露台 • 景觀開揚

One bedroom • Rooftop • Future WOHO 一房單位 • 附設天台 • 未來蘇豪西

Stylish decor ation • With rooftop 一房單位 • 時尚裝修 • 附設天台

Licensed Property Agents wanted. Please contact us for more details. 誠聘持牌地產代理，歡迎查詢。 5319 5598 recruit@metrocity.hk

info@metrocity.hk

www.metrocity.hk

EAA Licence: C-030328

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TIPS FOR BUYING JAPANESE PROPERTIES 日本樓市投資攻略

The author of a popular guide on how to buy property in Hong Kong has turned his hand to the biggest property market in Asia, Japan. By Alex Frew McMillan 日本經濟尚未完全復蘇，卻造就了外國人投資當地物業市場的最佳時機，曾經在日本居住 的作家Chris Dillon就趁此機會推出新書，向外國投資者介紹在日本置業的竅門。

P

ublic-relations executive turned property author Chris Dillon has just released Landed: The guide to buying property in Japan, which walks prospective property purchasers through the minefield of the real-estate market in Japan.

It’s a sequel of sorts to Landed: The expatriate’s guide to buying and renovating property in Hong Kong, a primer on the Hong Kong property market that he published in 2008.

Like the first title, the Japanese version of Landed walks readers through the ins and outs of buying property in a place you’re not necessarily from, or familiar with. Dillon sees this second guide as one of the cornerstones of an empire of books telling expats how to buy around the world.

“My goal is to do for cross-border property what the Lonely Planet did for travel,” Dillon says, “to put together a series of resources that people can use if they’re buying cross-border property.”

Japan is famously faulted for the opaqueness of its property market. On average, Landed states, buyers of used condominiums in the secondary market incur more than ¥1 million in search costs for their purchase.

But Japan is still one of five places in Asia that allow foreigners to buy property in a relatively unfettered way, free of government

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自加拿大、本身在公關公司工作的Chris Dillon，曾經在香港居住過二十年，以香 港為家的他，在香港擁有三個物業，不 過他坦言外國人在香港置業，人生路不熟，也碰過 不少釘子，所以決心總結置業經驗，兩年前集結成 書，向有意在香港投資物業的外國人分享心得。 現時他因工作需要，他不時在香港、加拿大和 日本三地穿梭，在東京生活期間，再燃起出書的念 頭。 「雖然日本是亞洲區最具規模物業市場之一， 但對很多投資者而言，該處仍然比較陌生。」於是 Chris 最近推出《Landed: The guide to buying property in Japan》，向有意進軍日本樓市的讀者，提供指路 明燈。 正如香港篇一樣，日本篇的《Landed》將闡釋在 陌生地方置業的注意事項，尤其是有意在不同國家 投資的海外專才。「我希望我的作品，能否成為地 產界的《Lonely Planet》，無論到哪裡置業，都可以 透過我的指南找到所需資料！」

hotlistings restrictions. Hong Kong tops that list as an entirely open market, followed by Japan, and then Singapore, Malaysia and Korea, which all place various restrictions on non-nationals buying but are relatively restriction-free.

Japan has its own way of doing just about everything, so the guide should prove a very useful reference. It’s full of pertinent details -brokers charge a standard sales commission of 3.15%, plus ¥63,000 (US$690), though that’s negotiable. Total closing costs run around 8% of the purchase price. Nonresidents buying investment property have to file a fun-sounding piece of paperwork “Report Concerning Acquisition of Real Property in Japan or Rights Related Thereto” with the Bank of Japan within 20 days of a purchase.

There’s also a language of its own – property is measured in jo, a unit that’s about the size of a tatami mat, or in tsubo, about 3.3 square meters each. Each sale must be signed off by a “judicial scrivener.” Condos are known as manshon. The land registry is the tokibo. A typical Japanese address is a jumble of numbers, 1-5-25 Shiba-koen, Minato-ku, Tokyo 105-8511, while apartments are listed “LDK” style, where L is the living room, D the dining room and K the kitchen. So 3LDK means it’s a three-room apartment with a combined living room, dining room and kitchen.

Dillon suggested interested investors should be cautious in buying properties that completed before 1981 as the Japanese government raised the construction standards in 1981 and 2000 to tighten anti-seismic requirements. He also reminded to beware of buying

日本樓市最為人詬病的是資訊不透明，亦因 為此，有研究指準買家往往要花上超過一百萬日 元，作為物色物業的成本。然而對於外國投資 者來說，日本仍然是亞洲區內最具吸引力的投資 市場，因為日本政府對外國人置業的限制較為寬 鬆。據統計，亞洲區最自由的五個物業市場順序 為香港、日本、新加坡、馬來西亞及韓國。 日本人的處事作風和西方國家很不一樣，例 如地產代理一般會收取樓價的百分之三點五一、 再加上六萬三千日元作為佣金，成交後各項雜 項支出約佔樓價百分之八，另外，外國人也要在 成交二十天內，向日本的中央銀行「日本銀行」 提交「非本國居民購買房地產的權利」申請書。 在日本置業另一個有趣的地方，就是他們用 「杖」為計算面積的單位，一杖約為三點三平方 米，大概是一張榻榻米的的大小；此外每項成交 必需由「司法書士」核實。 另外一些專門術語包括將住宅稱為 「Manshon」（Mansion的日式英語音釋）、 土地登記是「Tokibo」，而單位資料通常是以 「LDK」格式顯示，L是客廳、D是飯廳、K是廚 房，「3LDK」意思是指一個設有三個睡房、一 個客廳、一個飯廳和一個廚房的單位。

properties that asking for a very price as some of them may be sold excluding the land rights.

The rental yield for small-sized properties in Japan is generally between 10 and 12 percent that compared to an average return of 5 percent in Hong Kong, Dillon said. The problem of rent arrears is also rare because of the concept of “keeping face” in Japan, he added.

Dillon walks you through all of it. The author, who is originally from Canada, says he will likely turn his attention next to the province of British Columbia. The close ties between the Chinese community in both Vancouver and Hong Kong make that an obvious target.

Unlike the parties on the other side of the asymmetrical information divide, he has no ulterior motive beyond getting you to purchase Landed, which is for sale via Amazon.com and in Hong Kong book stores.

“Buying a house is the biggest purchase people make in their lives,” Dillon says. “Spending a little bit of money on a book is probably a good thing to do.”

Chris又提醒讀者，有意在日本置業者，別貿 然購買在1981年之前建成的物業，因為日本分 別於1981及2000年收緊建築標準，提高物業抵 禦地震要求，所以新建的物業質量較有保障；此 外由於部分物業不包括地權，所以購買售價特別 便宜的物業時，要格外留神。 不少海外投資者打算將購入的物業出 租，Chris認為在日本主要地區，即使出租面積 細小的單位，都可以得到10%至12%的回報率， 相對香港一般不會超過百分之五的回報率，甚為 可觀，此外由於當地人會因「面子」關係，都會 準時繳交租金，所以拖欠租金的情況並不常見。 Chris在加拿大出生，出版過香港和日本指南 後，他計劃下一個目標是加拿大卑斯省，他表 示由於溫哥華有大量中國僑民，他相信新作推出 後，將會受到華人歡迎。

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Residential

住宅租售

Gorgeous Houses at Clearwater Bay Clearwater Bay

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• Spacious detached house with interior size 2,100 sq ft • With rooftop and garden sized 700 sq ft respectively • Stunning sea views • 3 bedrooms including 2 ensuite • Carspace

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$18.6M

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Siu Hang Hau

• Interior size 2,100 sq ft with 2 balconies • Non-indeed garden 1,200 sq ft • Full sea views and surrounded by lush greenery • 5 bedrooms and 3 bathrooms • Carspace

• Size 2,100 sq ft • With garden sized 700 sq ft • 5 bedrooms enjoying open sea views • Open kitchen • Contemporary interior design • Carspace

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(+852) 6605 4408

24

enquiries@uptownhk.com

E-198786

Residential

住宅租售

PROPERTY INTELLIGENCE Informing the Government of Your Move

Moving house always requires much planning and preparation. With the Government’s Change of Address Service, you can change your address records with 16 government departments, such as Inland Revenue Department, Water Supplies Department, Transport Department, online in one go. You may also update your information with 7 nongovernmental organizations (NGOs) by this service.

Thie service also gives you the flexibility to pause the process and save the data so you can retrieve it and continue later. When you have completed the process, you will receive an acknowledgement of your application via email. Your change of address notification will be processed within 14 days.

Website: www.gov.hk/en/apps/coa.htm

Phone: 1823

hotlistings Properties • Home Improvement • Lifestyle

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Owner-to-Owner

業主自讓

Hollywood Road, Central A 440 sq ft Amber Lodge apartment with a spacious bedroom. With a lot of windows facing to the Central Police Station, the apartment is sunny and nice breeze all the time. The building is located by the Mid-Levels escalator. Walking distance to restaurants, cafes, pubs, supermarkets and banks. Great access to public transport and close proximity to Central. Asking price $3.85M. Contact Miss Leung 9861 0256

Happy Valley A designer’s decor apartment with Asian style located in Blue Pool Road. Size 1,600 sq ft with 2 bedrooms and 1 ensuite. Asking $18M / $50K. Enquiries please email to bluepoolsale@gmail.com

Future WoHo and MTR Located at the upand-coming location of Sai Ying Pun, the 399 sq ft apartment in Fung Yat Building is a one bedroom flat at high floor zone. The area is expected to be the new “WoHo” once the new Mid-Levels escalator and Sai Ying Pun MTR station is operational. Rental $8.8K. Email for selling price. funkytako@ymail.com Detached house at Pat Heung 700 sq ft plus garden 1,200 sq ft. Panoramic green views. 2 parking space. 4 minutes to MTR station. $2.3M Call 6626 7087 錦上路獨立屋 700呎連花園 1200呎，雙車 位，230萬元， 電話6626 7087

hotlistings

HotListings Owner-to-Owner Order Form

Step 1 Choose your ad format o

1/4 page

A o 1/8 page o

1/16 page

1/4頁

HK$ 1,400

1/8頁

HK$ 700

1/16頁

HK$ 350

First issue date and frequency

B 首次刊登日期及期數

Date 日期 _______

Frequency 期數 ___________

3 issues 三期 10% 6 issues 六期 20% 12 issues 十二期 30%

Frequency Discount

C 連續刊登折扣

Step 2 Calculate the total cost

A x B - C = HK$ _________ Step 3 Payment By mail Mail the followings to Account Department, HotListings Company Limited, Suite 1801, Wing On Central Building, 26 Des Voeux Road Central, Hong Kong (1) this form (2) your ad message (3) your crossed cheque payable to “HotListings Company Limited”

Sky Horizon A gorgeous apartment located at the quiet location of Mid-Levels, North Point. The apartment comes with stunning city and harbour views. Full clubhouse facilities. 10 minutes public transportation to Causeway Bay. Area: 1,439 sq ft. Price: $19.5M Contact: Miss Chan 9228 6048 北半山海天峰 中層三房單位，另附工人房，面積1439方呎，售價1950 萬元，享有開揚維港及大都會景色，查詢請致電陳小姐：9228 6048 26

By email / fax Email / Fax the followings to ad@hotlistings.com.hk / 2537-7586 (1) this form (2) your ad message (3) payment proof of Hang Seng Bank account 385-866165-883 Note: HotListings reserved the right to alter and cancel the Owner-to-Owner ads.

Enquiries 2537 7585 查詢 ad@hotlistings.com.hk

郵寄 請將以下資料郵寄至：香港中環德輔道中26號1801室房 地產資訊有限公司會計部 (1) 本表格 (2) 您的廣告訊息 (3) 以「房地產資訊有限公 司」為抬頭人的劃線支票 電郵 / 傳真 請將以下資料電郵或傳真至ad@hotlistings.com.hk / 2537-7586 (1) 本表格 (2) 您的廣告訊息 (3) 在恆生銀行賬戶365866165-883的付款證明 注意：HotListings保留更改及取消業主自讓廣告的權利 _______________________________________________ Signature and Date 簽署及日期 Name 姓名 Phone 電話

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hotlistings

FEMININE HOME WITH COOL INTERIOR DÉCOR 都市女性型格家居

The cool-colored design reveal the unique characters of today’s modern women. 提到女性的家居設計，大家可能會想到柔和色系的設計，但現代女性見識廣博，冷酷 型格的家居設計，都成為她們的心頭好。

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hotlistings

A grey- and blackcolored unit featured with simple and cool styles. 單位以黑白灰為主色 調，時尚之餘亦滲出簡 約、冷酷感覺。

Left to right: Italian Couch by Kartell; bedroom wall made of translucent glass; designers’ collection of artworks. 室內處處顯露時尚風格，（由左起）意大利品牌Kartell沙發、半透明玻璃造成的睡房牆壁、設計師搜羅的藝術品。

T

oday’s modern women are smart and stylish that a traditional home decorating with warm colors may not be able to reveal their unique characters.

Eric Fung, a designer with Tint International, incorporated modern elements into the interior design of an about 700-sq-ft home at Valiant Park in Mid-Levels. The cool-colored design and fashionable features are tailormade for the homeowner who is a young modern woman.

// What is the theme of the unit? What features does the homeowner expected to add into the home?

The homeowner hopes the unit to be designed with “metropolitan style.” Fashionable, simple and cool are the features that she wants, the unit is therefore decorated with black and grey colors. The homeowner is a modern woman who is opened to new and marvelous design. We have

這

個位於西半山干德道駿豪閣的 單位，面積約七百方呎，Tint International設計師Eric Fung表示， 由於業主是一位二十多歲的年輕女性，對新穎 設計的接受程度比較高，所以設計此單位時， 亦採用比較多時尚元素。

// 單位的設計主題是甚麼？業主希望引入 甚麼設計元素？ 戶主希望單位以大都會感覺為主調，包含時 尚、簡約及冷酷三大元素，所以色調亦以黑、 白、灰為主調。由於戶主是年輕時代女性，較 能接受新穎及不平凡的設計，我們亦在細節中 凸顯她的品味，好像開放式廚房的吧檯，其邊 緣設計成不規則形狀，在型格中帶出一點原始 味道。

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hotlistings

Decorating with black steel mosaic, the “arch” divides up the kitchen and dining room.

The irregular design of the dining table demonstrates the raw style. 靠近廚房的牆身和天花鋪上黑鋼馬賽克，加強空間區分的層次感；而餐桌邊緣 採用不規則設計，時尚之餘帶出原始味道。

added in some features such as the irregular-shaped dinning table at the open kitchen that looks cool and raw.

is laid with black steel mosaic that looks like an arch to divide up the kitchen and the dining room. The design could also help hide the beam.

// Any changes in layout are needed? Does the homeowner need more storage spaces?

// What are the other features to highlight the theme?

She needs a more spacious interior instead of storage spaces as she is a frequent traveler between Hong Kong and the mainland. We have combined two smaller bedrooms into one spacious bedroom with a bed, a desk and a closet. A grey-colored glass wall is used to replace to original wall to make the room looks more transparent. The size of the bathroom has been doubled that it is big enough for a Jacuzzi. The open kitchen is also one of the features to make it feels roomy.

// What elements have been added in the interior design to create layering effects?

Part of the ceiling and the wall near the kitchen

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An irregular strip screen behind the couch looks cool and stylish. Also, black steel mosaic is one of the materials to decorate the bathroom.

The material demonstrates a cool and modern style.

// Are the furnishings of the unit collections of the homeowner?

Our designer prepared all the furnishings as part of our one-stop service. For example, the down couch in the living is from Italian brand Kartell, it took us three months to order. Also, we run our own furniture store that we can tailormade unique furniture to fit into our design.

hotlistings // 單位在空間上有沒有作特別改動？戶主需 要很多儲物空間嗎？ 戶主因工作需要，經常穿梭中港兩地，所以儲 物需要相對較低，反而她比較著重室內空間感。 好像單位原本為兩房設計，我們為她打通成一個 房間，裡面包含睡床、工作檯及衣帽間，而睡房 牆身則改用灰玻璃作間隔，增強視覺通透感，而 浴室面積擴大接近一倍，容下按摩浴池，廚房亦 改為開放式設計。

// 設計中有甚麼元素，增強室內的層次感？ 在靠近廚房的位置，我們將部分天花及牆身， 鋪上黑鋼馬賽克，感覺好像一個現代化的拱門， 令它成為廚房和飯廳的無形分野，加強空間的區 分，同時隱藏天花橫樑之餘，也帶來點綴效果。

// 單位不同位置的設計，如何做到呼應主題 的效果？ 除了剛才提到餐桌不規則邊沿設計外，客廳沙 發後的不規則條子紋，也呼應單位在型格上帶點 原始味道的主調；此外浴室內亦可以找到飯廳的 黑鋼馬賽克、以及與客廳相近的條子設計。

// 單位內的擺設，是客人本身的收藏品嗎？ 由於此客戶要求我們提供一站式服務，所以所 有家具擺設，全部由設計師一手包辦。部分家具 由我們的同事在市場上搜羅，好像客廳的羽絨沙 發便是意大利Kartell的出品，由原廠訂購約需三 個月時間；此外我們也有自家家具店，甚至可以 按客戶要求，設計獨一無二家具擺設，好像我就 曾替不少單位量身訂造燈飾，確保乎合客戶口味 及室內設計風格。

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hotlistings

ably think of the For home furnishings one would prob Horizon Plaza or shops in Mega Box in Kowloon Bay e are plenty ther in Apleichau; but little did you know e-style tiqu of unique surprises hidden in the bou strial indu g furnishing stores nestled in Kwun Ton to lar simi s area. Many of these stores stock item the of tion frac the department stores but only at a with ters hun price. It truly is an area for bargain . taste ated sophistic 想到鴨脷洲海 為家居添置家具擺設，大家不其然會 原來在觀塘 ，但 等等 Box 怡工貿中心、九龍灣Mega 分貨品品 ，部 品店 居精 工業區，也有不少特色的家 半，只要 到一 卻不 售價 質與大型百貨公司相近，但 。 金錢 大筆 懂得門路，就可以為你省下

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寶 NEW DISCOVERIES IN 觀塘家具尋RES O T S E R U IT N R U F ’S G N O T N KWU 32

hotlistings

u

Laforce Room 23, 8/F, Sing Win Factory Building, 15-17 Shing Yip Street, Kwun Tong 觀塘成業街15-17號成運工業大廈8樓23室 Tel: 2522 8240

A pair of silver vases $50

0

While entering the store, one might find the disorganized chaos looks more like a second-hand furniture store, but if one browses diligently, there are many ornaments with unique cultural characteristics such as the Indian sculptures, candle holders and various cultural accessories. The shopkeeper explained that items on sale here are from Indian manufacturers who used them as displays or samples at exhibitions in Hong Kong and after the events they are clearing them out at extreme bargain prices. For example, a silver place setting costs only $300; similar goods in Lane Crawford would set you back over $2000. It is no wonder local showbiz celebrities like Mona Fong and Kate Tsui are frequent visitors to the store. 踏入Laforce的店面，只看到一片雜亂無章，恍如一家售賣二手貨 的夜冷店，但只要細心尋覓，就可以發現這裡有不少特色擺設，當中 包括來自印度的雕塑、蠟燭台、各式各樣民族風飾物等等。店主透 露，這裡發售的全是印度廠商在香港舉行展銷會後，留下的簇新貨 品，現以超低價發售。好像三百多元的銀器餐具，相近的貨品在連卡 佛就索價超過二千元，難怪方逸華、徐子珊等名人都曾經到此「尋 寶」！

v Handmade Accessories

手工雜貨

Room 2, 1/F, Shing Yip Industrial Building, 19-21 Shing Yip Street, Kwun Tong 觀塘成業街19-21號成業工業大廈1樓2室 Tel: 6432 9860 Website: hk.myblog.yahoo.com/v64329860 With the faint yellow light and wood decoration, the ambience of the “Handmade Accessories Store” is full of the 60s & 70s nostalgia of the American West. Flagship items include nostalgic Western furniture & natural wood furniture. The owner specifically recommended the oldworld mechanical wall hanging clocks priced at under $1,000 which is over 50% cheaper than what one finds in other stores. 昏黃燈光加上木材裝修，「手工雜貨」店內的裝修，充滿 六、七十年代美國西部懷舊風情。貨品方面，則主打懷舊西式 家具、天然木材家具等，店主特別推介各款懷舊機械掛鐘，每 個售價不到一千元，比一般店鋪便宜超過一半。

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hotlistings

w Tint Living Outlet

11/F, Ming Sang Industrial Building, 19-21 Hing Yip Street, Kwun Tong 觀塘興業街19-21號明生工業大廈11樓 Tel: 3104 3107 Website: www.tintliving.com A block down the street is the Tint Living Outlet, in contrast to the shops already mentioned it is an upbeat high fashion furnishings store. Regardless of sofas, dining tables, pendant lamps or the wide range of home furnishings, they all exert the most recent fashion trend. The shop also carries classics from maestros like Philip Starck, Charles & Ray Eames, Eero Aarino, George Nelson, Isamu Noguchi and much more. Tint Living started its legacy in the Happy Valley, but in order to cope with the ever growing product line it carries, it moved to the 4,000 sq ft plus show room in Kwun Tong. If you are looking for unique designer chairs, famous artists sculptures or the owner Eric Fung’s own design of furniture and lighting, you will truly be satisfied here. 在一街之隔的Tint Living Outlet，與之前介紹的店鋪很不一樣，不管是沙發、 餐桌、吊燈、還是各式各樣家居擺設，都是走時尚潮流路線，店內也有Philip Starck、Charles & Ray Eames、Eero Aarino等歐美大師的經典家具設計。Tint Living 原本在跑馬地發跡，但為了讓客戶可以用更優惠的價格購得心頭好，所以進駐觀 塘佔地超過4000方呎的現址。如果希望用實惠價格物色Designer Chair、名師雕 塑、甚至是老闆Eric Fung親自設計的特色家具和燈飾，這裡很可能讓你找到心頭 好。

x Mark Mark Design Gallery

麥麥廊

Room B1, 14/F, Hoi Bun Industrial Building, 6 Wing Yip Street, Kwun Tong 觀塘榮業街6號海濱工業大廈14樓B1室 Tel: 3101 9115 Website: www.markmark.com.hk Many designers favor setting up their studios in industrial buildings not only because of the affordable rent, but the high ceiling also inspire a sense of space for creativity. Interior designer Flora Lau established Mark Mark Design Gallery (named after her cat) to showcase her own design and the various furnishings & ornaments she collected from all parts of the world. Flora’s talent is in her keen sense of innovative, heart touching and contemporary design for homes and hotels. Her unique designs often attract the procurements from television props personnel. Also worthy of mention is part of the proceeds is devoted to SAA charity and helping abandoned animals. 不少設計師進駐工廈成立Studio，除了是因為租金相宜，其特高樓底帶來的 空間感，也可以讓設計師有更開豁的空間發揮創意，好像室內設計師Flora Lau 成立的「麥麥廊」，就展示了她設計和從各國搜羅得來的家居擺設。Flora Lau 擅長替家居及酒店進行室內設計，其展示的家具甚至吸引電視台的道具人員採 購，款式別具一格。

You may start your treasure hunting trip at Hoi Yuen Road, which is the heart of the Kwun Tong industrial area. Strolling along the street on most days you would come across all kinds of warehouse sales, people are distributing promotional pamphlets for blow-out sale of bedding, linens, shoes, household products and so on. Pay special attention to the opening hours as they can be irregular or only available for very short periods. A telephone inquiry before departing would safe you a lot of time and hassle. 觀塘開源道是該區的心臟地帶，也是到觀塘尋寶的理想起點，沿行人路兩旁都有各式開倉優惠的宣傳單張， 包括床上用品、球鞋、家庭用品等等，路過時不妨多加留意。部分商鋪或會有不固定的營業時間，出發宜先 致電查詢。

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hotlistings

T I M O T H Y L ANG S T O N F I N E A RT & A N T I Q U E S

Timothy Langston is a specialist dealer in eighteenth and nineteenth century furnishings, supplying clients with British and Continental fine art and antiques.

The Langston Gallery is located at 44 Moreton Street, Pimlico, in Central London. The website is updated on a weekly basis, but for a comprehensive view of our latest stock we recommend a visit to Moreton Street and hope to welcome you to the gallery on your next visit to London.

Timothy Langston

44 Moreton Street London SW1V 2PB +44 (0)20 7821 0890

www.timothylangston.com

hotlistings

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hotlistings

GASTRONOMIC HOLIDAY IN NEW ZEALAND Two luxury Relais & Châteaux golf & spa lodges in North Island, New Zealand are hosting a gastronomic season of world-class ‘Winter Food & Wine’ events from July to October.

T

he two award-winning sister retreats in North Island, The Farm at Cape Kidnappers in Hawke’s Bay and The Lodge at Kauri Cliffs in Matauri Bay, are among the most prestigious in the Relais & Châteaux global collection of the world’s finest luxury and independent small properties and gourmet restaurants.

The stellar line-up of guest chefs, winemakers and wine authorities kicks off on July 24 at The Farm at Cape Kidnappers with celebrity Melbourne chef Josh Emett teaming up with Felton Road Wines’ Blair Walter for an indulgent dinner matched with prestige wines.

Josh Emett is renowned for heading Gordon Ramsay’s eponymous New York restaurant, and more recently Maze in Melbourne. Blair Walter built Felton Road into one of the world’s most sought after wine labels.

On August 14, Australia’s foremost wine authority James Halliday and his New Zealand counterpart Bob Campbell M.W. return to Cape Kidnappers for their fabulous Great Pinot Noir Challenge, conducting the ultimate ‘taste-off’ in a friendly celebration showcasing the finest of Australian and New Zealand Pinot Noir.

On September 11, Peter Gilmore, Executive Chef at Quay in Sydney, showcases his award-winning cuisine at Kauri Cliffs with wines matched by Duncan Forsyth from boutique Central Otago winery, Mount Edward.

On top of its prestigious ranking among the world’s best restaurants, which this year made its debut among the ‘World’s 50 Best Restaurants’, Quay was this year also named ‘Restaurant Of The Year’ by both The Sydney Morning Herald and Australian Gourmet Traveller for the

second year running.

The finale to the gourmet season takes place on October 23 and is a must for champagne lovers – with Ludovic De Lageard of Champagne Laurent-Perrier presenting a sublime dinner at The Farm – Cape Kidnappers, matched with champagnes from this famed house.

Founded in 1812, Laurent-Perrier is one of France’s great champagne houses, synonymous with style and celebration.

Ludovic will also conduct a tutored champagne tasting on Saturday afternoon.

All weekends allow ample free time for guests to enjoy the many leisure options available at these two luxury properties, including world class golf, spa pampering, scenic walks, fishing and winery visits.

Kauri Cliffs and Cape Kidnappers Managing Director, Jay Robertson, said: “It’s a fantastic line-up of talent. Combined with golf, spa or just relaxing, these are really the ultimate New Zealand weekends!”

Prices are $800NZ per person, based on double occupancy, and include luxury overnight accommodation, degustation dinner with matched wines, tutored wine tasting, full breakfast and choice of a round of golf or a 50 minute massage in the Day Spa. The sister lodges are ranked in the Robb Report Top 100 Ultimate Escapes and Andrew Harper Hideaway Report of the world’s ‘Top 20 International Resorts’. Travel & Leisure also includes them among the world’s ‘100 Best Destinations & Discoveries’.

More info on www.kauricliffs.com and www. capekidnappers.com. Enquiries please call 3121 3616.

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Classifieds Children Education 學童教育 別開生面的理財教室 「財富輪」

讓你的孩子從這套紙板遊戲中，學 習如何為自己的成長、教育、事 業、退休等人生目標作全面安排。

www.fq.hk 香港財商教育培訓中心

3106-2836

小鐵人教育研究中心 LEGO創意坊，適合3至15歲學童 啟發創意思維、增強溝通能力、提升專 注力、立體視覺訓練、訓練小肌肉 上課地點：尖沙咀、油麻地、中環 報名熱線：2425-6910 網址：www.roboedu.hk

Contractors and Handyman 裝修及家居工程

天地帳篷 SkyLand Awning 專營商鋪、村屋及戶外展銷帳篷

鋁合金摺臂式帳篷 闊12呎，伸出2米

$2,830

免費度尺 即時報價 歡迎致電查詢：2650 4433 www.skylandawning.com.hk Flat A16, 7/F, No.41 Wing Hong St., Lai Chi Kok, Kln

天地帳篷 SkyLand Awning 專營商鋪、村屋及戶外展銷帳篷

Contractors and Handyman 裝修及家居工程

Fitness and Health 健體

明記 Ming Kee 開鎖配匙 Locksmith and Locks 水喉冷氣 Pipe and Washroom Facilities 修理鋁窗 Window Repairing 新裝門鎖 Utensils and Plumber 電器維修 Air-conditioning Engeering 2548-2337 9174-8883 般咸道33號正街側 33 Bonham Road

Harmony Fitness Experience the “harmony” between hard core boot camp workouts and core-strengthening Pilates! Enjoy our workouts in an inspirational and positive atmosphere. Just show up for an hour of fun, motivation and teamwork provided by an energetic and encouraging instructor.

Locations: • Central • Sheung Wan • Hong Kong Park • Kowloon Park • Discovery Bay Enquiries: heather@harmonyfitnesshk.com Website: www.harmonyfitnesshk.com

承接大小裝修工程 手工專業 取價公道 電話：9559-1189 王師傅洽 永恆水晶地板 專營銷售及鋪設各類水晶地板 陳先生 電話：2669-2520

$2,700

免費度尺 即時報價 歡迎致電查詢：2650 4433 www.skylandawning.com.hk Flat A16, 7/F, No.41 Wing Hong St., Lai Chi Kok, Kln

Furnishings 家具

Ultimate Handyman Services House painting,moving,Demolition Masonry,Drywall,Tiles,Floors,Electrical Aluminium,Hanging pictures For All Your Handywork Sam 6054-5377 6169-6874 ultimate_handyman@hotmail.com

Domestic Helpers 家務助理 東誠僱傭服務公司 專業印尼女傭服務 Oriental Employment Services Co. Ltd Provide a convenient way of hiring quality, well-trained, and experienced foreign domestic helpers.

Enquiries 堅道 Caine Road 2523-9911 第三街 Third Street 2419-6488

在這裡展示您的商品 只需$240 無論您經營地產相關服務，或希望 推廣您的產品服務，在「HotListings 置業指南」的刊登分類廣告，均可 助您以最低成本，達到最高宣傳效 益，請到我們的網站 www.hotlistings.com.hk/ad 下載刊登 表格，或致電2537-7585查詢。

Financial Services 金融服務

鋁合金摺臂式帳篷 闊10呎，伸出2呎

分類廣告

財務策劃 投資市場瞬息萬變，你需要可靠 忠誠的財務策劃顧問，助你運用 手上資金，實現人生目標，請聯 絡甄小姐安排免費諮詢服務 電話：6403-6969

Properties 物業

Island Crest 縉城峰

Brand new development project by Kerry Properties. The only development with full clubhouse facilities in the district. A few minutes travel to Central. 嘉里建設全新發展項目，區內唯一設有完善 會所屋苑，前往中區僅需數分鐘車程。

Metro For rental please contact City 首 Metro City Property Agency C-030328 都

請聯絡首都置業查詢租賃事宜。

2857 7321 islandcrest@metrocity.hk HK Boats and Homes This expert agency focuses on letting / buying vessels in Discovery Bay Marina.

Boat owner Michele Cameron uses her own extensive experience to advise you on the entire process of acquiring your own dream liveaboard home.

HK Boats and Homes is now expanding to include land-based properties in its ever growing portfolio. The company invites Hong Kong property owners and major landlords to post their property for lease and/or sale in Discovery Bay. For details please contact Michele on 6055 0146 and / or by email: michelejcameron@ msn.com

Removals and Transport 搬運服務 Interior Design 室內設計 Effect Workshop Effect Workshop is an interior design and contracting company. We provide onestop service including • Professional interior design • Project management • Contracting and consulting service • Funiture design 2/f, 23 Queen’s Road East, Wanchai, HK Tel: 2625-4696 Email: sallyng@effect-workshop.com Website: www.effect-workshop.com

Vi. An designs experienced designers for *interior design *home decoration *party / event design and decoration *furniture design *decorative lighting design Yan: 9316 8401 vitoyan@netvigator.com wongwongyan@hotmail.com

安順貨運 On Shun Transport 經營各類貨運、搬屋服務 Moving and relocation services.

Tel: 6907-3551 Fax: 3422-3662

以勒搬屋公司 Jireh Removal Co. • 專業搬屋 • 搬寫字樓 • 代客包裝 • 傢俬存倉 Tel: 3157-4178 8101-0195 Fax: 2666-5674 Website: www.yp.com.hk/jirehremoval

Show your product or service here!

Advertise here from only $240. Please contact our advertising team at 2537-7585 or ad@hotlistings.com.hk.

You may also download our classified order form at www.hotlistings.com.hk/ad

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hotlistings

置業錦囊

RESOURCES Procedures for sale and purchase of property (secondary sale) Vendor

Purchaser Purchaser appoints an estate agent to search for appropriate properties to buy; The purchaser inspects the property and negotiates the price with the agent or the vendor.

Vendor appoints an estate agent to sell the property.

Vendor and purchaser sign a provisional (or preliminary) agreement for sale and purchase of the selected property (the provisional agreement is usually provided by the estate agent). The purchaser then pays the initial deposit, which is usually 3% to 5 % of the property price.

Vendor appoints his own solicitor. Solicitor prepare the formal Agreements for Sale and Purchase.

Purchaser appoint his own solicitor. The solicitor checks the formal Agreements for Sale and Purchase submitted by vendor’s solicitor.

Vendor and purchaser sign the Agreements for Sale and Purchase. The purchaser then pays the further deposit, which is usually 5% to 7 % of the property price.

Solicitor checks the documents related to property ownership and mortgage loan.

Purchaser apply mortgage loan from a bank if needed. Solicitor checks the documents related to property ownership and mortgage.

Vendor signs the Assignment at the solicitor’s office on or before the completion day, hand over the key of the property to the solicitor, and obtain the remainder of property price.

Purchaser pays the balance of purchase price (Maybe arranged between the solicitor and the bank providing mortgage loan) and sign the Assignment.

Completion

Mortgage Loan Repayment Schedule (For Every $1M) Monthly repayment for 5 years 10 years 15 years 20 years 25 years 30 years

2.25% $17,637 $9,313 $6,550 $5,178 $4,361 $3,822

2.5% $17,747 $9,427 $6,667 $5,299 $4,486 $3,951

2.75% $17,857 $9,541 $6,786 $5,421 $4,613 $4,082

3% $17,968 $9,656 $6,905 $5,546 $4,742 $4,213

3.25% $18,080 $9,772 $7,027 $5,672 $4,873 $4,352

3.5% $18,192 $9,889 $7,149 $5,800 $5,006 $4,490

3.75% $18,304 $10,006 $7,272 $5,929 $5,141 $4,631

Stamp Duty: Sale or transfer Amount or value of the consideration Rate Exceed Does not exceed $2,000,000 $100 $2,351,760 $100 + 10% of excess over $2,000,000 $2,000,000 $2,351,760 $3,000,000 1.5% $3,000,000 $3,290,320 $45,000 + 10% of excess over $3,000,000 $3,290,320 $4,000,000 2.25% $4,428,570 $90,000 + 10% of excess over $4,000,000 $4,000,000 $6,000,000 3% $4,428,570 $6,000,000 $6,720,000 $180,000 + 10% of excess over $6,000,000 $20,000,000 $6,720,000 3.75% $21,739,120 $20,000,000 $750,000 + 10% of excess over $20,000,000 $21,739,120 4.25%

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Rate 4% 4.25% $18,417 $18,530 $10,125 $10,244 $7,397 $7,523 $6,060 $6,192 $5,278 $5,417 $4,774 $4,919

4.5% $18,643 $10,364 $7,650 $6,326 $5,558 $5,067

4.75% $18,757 $10,485 $7,778 $6,462 $5,701 $5,216

5% $18,871 $10,607 $7,908 $6,600 $5,846 $5,368

5.25% $18,986 $10,729 $8,039 $6,738 $5,992 $5,522

5.5% $19,101 $10,853 $8,171 $6,879 $6,141 $5,678

5.75% 6% $19,217 $19,333 $10,977 $11,102 $8,304 $8.439 $7,021 $7,164 $6,291 $6,443 $5,836 $5,996

Stamp Duty: Lease Exceed

1 year

Term Does not exceed 1 year 3 years

3 years Not defined or is uncertain Key money, construction fee etc. mentioned in the lease Duplicate or counterpart

Rate 0.25% x of the total rent payable over the term of the lease 0.5% x of the yearly or average yearly rent 1% x of the yearly or average yearly rent 0.25% x of the yearly or average yearly rent 3.75% of the consideration if rent is also payable under the lease. Otherwise, same duty as for a sale of immovable property $5 each