Extremely Wealthy
Wealthy avoid Hong Kong real estate tax curbs to save millions
Here's how billionaire Edwin Leong, one of Hong Kong's largest retail landlords, and his family, got around Hong Kong's new property curbs and saved almost US$17 million on their tax bill. They managed to qualify as first-time homebuyers, purchasing three luxury apartments on the Peak for HK$1.2 billion (S$221 million)…
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Click here to read the full story: Business Times