Agent says Kwong Kau received HK$6.97 million rebate
HK01 · 3 SOURCES1 day ago2 MIN
Summary
At the 20th day of the trial over the killing of socialite Abby Choi, the court heard fresh evidence about the 2019 purchase of a Kadooria flat. Property agent Wong Tak-sing said the unit sold for HK$60.606 million, after which his agency received more than HK$8.18 million in commission and returned about HK$6.97 million to Kwong Kau as a purchase rebate. He said the rebate arrangement was raised by Kwong, and that he dealt only with Kwong during the transaction.
Key Points
- Wong Tak-sing told the court the Kadooria unit was sold for HK$60.606 million, while stamp duty on the purchase was about HK$3.094 million.
- He said developer commission paid to his then-employer Ricacorp totalled about HK$8.181 million, equivalent to 13.5% of the transaction price.
- Wong said Ricacorp later paid about HK$6.972 million to Kwong Kau by cheque as a “purchase gift”, leaving roughly HK$1.209 million for the agency.
- According to Wong, the rebate was not a standard agency initiative but was proposed by Kwong, who later actually received the money.
- Wong said he only had contact with Kwong in the entire deal, did not know Abby Choi at the time, and received a cheque deposit from Kwong.
Why It Matters
The testimony adds financial detail to a property transaction that has become a significant strand of evidence in one of Hong Kong’s most closely watched criminal trials. For Hong Kong readers, the evidence may shape how the jury assesses who controlled the purchase, handled the paperwork and benefited from the rebate arrangement tied to the flat.