Permanent residents do not have to pay an extra 30 per cent stamp duty levied on Hong Kong’s non-permanent residents. Photo: Sun Yeung Permanent residents do not have to pay an extra 30 per cent stamp duty levied on Hong Kong’s non-permanent residents. Photo: Sun Yeung
Permanent residents do not have to pay an extra 30 per cent stamp duty levied on Hong Kong’s non-permanent residents. Photo: Sun Yeung

‘New Hongkongers’ from mainland China spurred city’s property market in the first quarter

  • Purchases of new homes by people from mainland China rose from about 9 per cent in the second quarter of 2020 to about 11 per cent in the first quarter of 2021, Land Registry data shows
  • In the luxury segment, they accounted for a third of all transactions, higher than 30.3 per cent in the first half of 2020

Topic |   Hong Kong property
Permanent residents do not have to pay an extra 30 per cent stamp duty levied on Hong Kong’s non-permanent residents. Photo: Sun Yeung Permanent residents do not have to pay an extra 30 per cent stamp duty levied on Hong Kong’s non-permanent residents. Photo: Sun Yeung
Permanent residents do not have to pay an extra 30 per cent stamp duty levied on Hong Kong’s non-permanent residents. Photo: Sun Yeung
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