Myths De­bunked

There are some com­mon mis­con­cep­tions about is­lands

Hong Kong Tatler - - Real Estate -

No. Gov­ern­ments, NGOS and con­ser­va­tion groups are com­pet­ing for own­er­ship.

Pri­vate Is­land equals Pri­vate Jet. No. Most of the wealthy fly to a nearby hub and then travel by boat to their is­land.

Tax ben­e­fits are the key mo­ti­va­tion for buy­ers. Not al­ways. Less than 10 per cent of is­lands pro­vide tax ad­van­tages.

Pri­vate Is­lands are only for bil­lion­aires. No. Sixty-five per cent of the is­lands cur­rently for sale are priced be­low US$500,000.

Pri­vate is­lands are a shrink­ing re­source. Vol­canic erup­tions are cre­at­ing new is­lands each year, with Tonga, Rus­sia and Ja­pan home to the latest ad­di­tions.

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