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Hong Kong stamp duty

Hong Kong stamp duty
To rein in the city's runaway housing prices, Hong Kong's Financial Secretary John Tsang Chun-wah announced an additional 15 per cent stamp duty on non-permanent-resident and corporate buyers starting from October 27, 2012. The move prompted speculation over the effectiveness of taxation on the real estate market and criticisms that Hong Kong was turning away from its roots as a free market economy in favour of a more protectionist market environment.
Homebuying sentiment is expected to rise in 2026. Photo: Dickson Lee
Hong Kong property

Hong Kong home prices to rise in 2026 due to mainland Chinese buyers, rate cut

‘Housing prices have bottomed out, and the outlook for 2026 is cautiously optimistic,’ JLL Hong Kong chairman Joseph Tsang says.

Hong Kong property

Stamp-duty change sparks sales surge in lower-priced Hong Kong homes

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Hong Kong property

Hong Kong home prices post tiny gain in May, raising hope of slump’s end

Hong Kong property

Hong Kong’s March property sales rise to the highest in 4 months

Sales of new and lived-in homes, shops, office units, car parking space and industrial properties jumped by 55 per cent to 6,657 lots last month.

Property agents and potential buyers gather at the venue on the selling day of 133 units of “The Reserve”, Phase 2 of Gold Coast Bay in Tuen Mun. Photo: Elson Li
Hong Kong property

Hong Kong mortgage loans surge to 9-month high as new homebuyers seek financing

Financial institutions approved mortgage loan applications worth US$3.3 billion in February.

Hong Kong property

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.

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Hong Kong property

Hong Kong property demand sees some improvement after stamp duty cuts

The market’s long-term recovery depends on interest rate trends, as homebuyers remain cautious amid the US-China trade war, experts say.

A view of Kowloon from the sky100 Hong Kong Observation Deck on February 27. Photo: Sam Tsang
Hong Kong property

Hong Kong home sales poised for best month in a year, analysts say

Kerry Properties sold 59 of the 133 flats on sale at the Hava residential project in Yuen Long as of 9.20pm on Thursday evening.

Hong Kong property

Hong Kong’s weekend property sales soar to 4-month high after stamp duty cuts

Henderson’s Eight Southpark, Wang On’s Coasto, and Kerry’s Hava see strong sales following the recent reduction in stamp duties.

Hong Kong property

Hong Kong’s property market to maintain momentum after deals hit 3-year high

Property transactions totalled 67,662, valued at US$68.2 billion in 2024, according to Midland data.

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The increase in Hong Kong’s property transactions was led by new home sales. Photo: Dickson Lee
Hong Kong property

Mainland Chinese buyers rush into Hong Kong property, agents say

Home purchases by mainland buyers surged 69 per cent in the first nine months of the year, accounting for nearly a quarter of transactions.

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Home shoppers flock to a sales office of Blue Coast II, Phase 3C of The Southside, developed by CK Asset in Wong Chuk Hang, at Fortune Metropolis in Hung Hom on October 19, 2024. Photo: Jonathan Wong
Hong Kong property

Peak distress in Hong Kong property market

Distressed luxury real estate sales and rising rentals are outliers in an otherwise relatively quiet Hong Kong housing market, as a vigil for likely interest-rate cuts is keeping a lid on immediate demand.

Hong Kong property

Hong Kong home sales fall to earth following end-of-curbs flight

The market is slowing after a burst of activity following the removal of cooling measures in late February, as high inventory levels and interest rates conspire to restrain sentiment.

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Hong Kong property

Most Hongkongers see home prices rising in curb-free market: Citibank survey

More than half of middle-income households in Hong Kong believe house prices are poised to rally now that all of the restrictions in the market have been scrapped, according to a survey by Citibank.

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Almost three quarters of the wealthier respondents expressed an interest in buying a property, versus 62 per cent of their less well-heeled peers. Photo: Jelly Tse
Hong Kong property

Analysis | End of the rollercoaster? Why Hong Kong’s soaring house prices may be in the past

Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.

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Some analysts expect to see Hong Kong’s housing markets settle into a new normal in which skyrocketing and often volatile home prices are a thing of the past. Illustration: Henry Wong
Hong Kong property

Hong Kong property sales hit 10-month high in March, to rise further in April

Hong Kong property sales rose to a 10-month high in March, surpassing 5,000 deals a month after the government lifted all property cooling measures, data from the government shows.

Hong Kong property

Hong Kong home prices worsen in February to lowest level since September 2016

The lived-in home-price index fell 1.7 per cent in February versus 1.2 per cent in January, according to the Rating and Valuation Department. Prices have fallen for 10 months in a row, losing 13.7 per cent in value.

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Hong Kong property

Mainlanders benefit most from Hong Kong curb removal, snap up luxury homes: JLL

Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million or more since the removal of all of Hong Kong’s property curbs last month, JLL says.

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A property agent’s shop in Hong Kong. “We maintain a cautious view on the market outlook,” a JLL executive says. Photo: AFP
Hong Kong property

Hong Kong property: bullish Henderson to launch 7,100 new homes this year

The developer of Belgravia Place says it will launch 7,100 new homes this year, 5 per cent fewer than the 7,655 units offered in 2023. The firm reported flat underlying profit of US$1.2 billion last year.

Hong Kong economy

Hong Kong home sales double after curbs ditched but prices have yet to jump

Simon Siu, chairman of Estate Agents Authority, says decision to scrap extra stamp duties last month was ‘shot in the arm’ for ailing property market.

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Hong Kong property

Wharf sees more struggles ahead in China after weak 2023 property sales, profit

‘China faces considerable domestic challenges, from a sluggish property market to weak consumer sentiment, Wharf says. After a poor result in 2023, more time is needed to revive the property markets, it says.

Hong Kong skyline, showing the Tsim Sha Tsui waterfront, from SKY100 Observation Deck, in July 2023. Photo: Elson Li
Hong Kong housing

Editorial | End of curbs must not lead to return of Hong Kong property speculation

Large supply of homes due to come online soon in Hong Kong will, hopefully, help thwart the rise of a new generation of speculators.

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Listings for residential properties for sale are seen at a Midland Holdings Ltd. store in Hong Kong. File photo: Bloomberg
Hong Kong budget 2024-25

Letters | Hong Kong’s removal of property cooling measures will widen wealth gap

Readers question the rationale behind the removal of stamp duties intended to cool the property market, and point to the benefits of the measure.

Hong Kong property

SHKP in pole position to benefit from Hong Kong’s property easing measures

Hong Kong’s largest developer by market capitalisation is being tipped by analysts to emerge as the ‘prime beneficiary’ of the city’s removal of all property cooling measures.

Hong Kong property

Explainer | With Hong Kong’s property curbs over, keep an eye out for these 5 projects

The removal of property curbs in the Hong Kong government’s budget announcement last week has generated a very encouraging response in the housing market.

A real estate agency in Hong Kong. Photo: Bloomberg
Hong Kong property

Mainland buyers throng to Hong Kong property sales after removal of curbs

The removal of all property sector cooling curbs in Hong Kong has sparked immediate interest among mainland Chinese buyers, who still perceive real estate in the city as a lucrative investment option, industry insiders said.

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A property agent’s office in Hong Kong’s Fortress Hill. The number of transactions is expected to surge by 80 per cent to 5,750 deals this month, Ricacorp Properties says. Photo: Eugene Lee
Hong Kong budget 2024-25

Hong Kong finance chief unveils budget aimed at replenishing city’s coffers

Financial Secretary Paul Chan surprises market by going for a complete removal of all property cooling measures with immediate effect.

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Hong Kong budget 2024-25

End of Hong Kong property curbs will not fuel speculation, says government

Financial Secretary Paul Chan says property market conditions have changed since cooling measures were introduced about a decade ago.

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