A THREE-BEDROOM APARTMENT ON HONG KONG ISLAND$5.6 MILLION (43.8 MILLION HONG KONG DOLLARS)This three-bedroom, two-and-a-half-bath apartment with city views is on the ninth floor of the 10-story Horizon Mansion, on Hong Kong Island. The home is a five- to 10-minute walk from the Hong Kong Zoological and Botanical Gardens and Hong Kong Park. WEBSITESHong Kong official tourism site: discoverhongkong.comHong Kong Estate Agents Authority: eaa.org.hkLANGUAGES AND CURRENCYChinese, English; Hong Kong dollar (1 Hong Kong dollar = $0.13)TAXES AND FEESRegardless of whether they are purchasing a first or second home, foreign buyers pay a stamp duty of 30 percent (an additional 15 percent stamp duty on top of the 15 percent paid by local buyers on a second or third home), said Chris Liem, owner and principal of Engel & Völkers Hong Kong. CONTACTAgents include Binoche Chan, Hong Kong Sotheby’s International Realty, 011-852-3793-3672, hksothebysrealty.com; Koh Keng Shing, Landscope Christies, 011-852-3102-4888, landscope-christies.com; and James Fisher, Spacious Hong Kong, 011-852-3460-4713, spacious.hkCorrection : An earlier version of this article misstated the downpayment required to purchase a second home in Hong Kong. Sixty percent, not 40 percent, is required for foreigners on transactions over 10 million Hong Kong dollars (or $1.3 million).

Source: International New York Times February 07, 2018 15:56 UTC