Hong Kong imposes additional taxes on super luxury homes, with properties worth over one billion HKD seeing tax rates rise to 6.5% (including video)

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[Caixin] As the Hong Kong stock market and property market heat up, the local super luxury home market has clearly rebounded since 2025. The Hong Kong SAR government has decided to impose additional taxes on super luxury homes. On May 20, the Hong Kong Legislative Council passed the third reading of the "2026 Stamp Duty (Amendment) Bill," officially raising the stamp duty rate for residential properties valued over HKD 100 million from 4.25% to 6.5%. The new tax rate will take effect from February 26, 2026.

For a residential property sold at HKD 100 million, the stamp duty payable by the buyer will increase from HKD 4.25 million to HKD 6.5 million, an increase of HKD 2.25 million. The background for this tax increase is the explosive growth of Hong Kong's super luxury home market since 2025. According to data from Centaline Research, in 2025, a total of 262 private homes sold for HKD 100 million or more, setting a record high, with total transaction value reaching HKD 53.1 billion.

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