Champion Real Estate Investment Trust

Government sells last portion of Citibank Plaza to Champion REIT
HK Government, 30-May-2013
The Government, via Inland Revenue, should also collect 8.5% stamp duty (if its proposed Double Stamp Duty law is passed), or $183.2m. On the Government's figures, the GFA is 6161 sq.m. or about 66,317 sq ft, so the price is $32,500/gsf, or $35,262 including double stamp duty. Champion REIT now owns 100% of Citibank Plaza until 30-Jun-2047.
Government invites tenders for 4 floors of Citibank TowerGazette
HK Government, 15-Mar-2013
These are the only bits of Citibank Plaza not owned by Champion REIT (2778), so we wonder who else will bid for them! The property sits on Inland Lot 8888, a land lease from 3-Aug-1989 to 30-Jun-2047, 34 years from now, a lot less than most of the land in Central south of Connaught Road, which sits on 999-year leases.
HK's stamp duty addiction
We look at the HK Government's opium-like addiction to stamp duty revenues, which have more than quintupled in 7 years. The budget asks for another fix. Stamp duty is sand in the wheels of the economy, distorting economic decisions and reducing economic output. It should be abolished rather than increased further. Higher stamp duty does not improve property affordability. HK needs a root-and-branch review of taxation to refocus on fair taxation of GDP rather than one-off measures and distortive policies. (2-Mar-2010)
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)

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