Hong Kong hikes stamp duty for luxury homes as sales rebound
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Hong Kong is increasing stamp duty on luxury home transactions over HK$100 million from 4.25% to 6.5%, as announced by Financial Secretary Paul Chan. This change, expected to generate HK$1 billion annually, will impact about 0.3% of residential deals and requires Legislative Council approval. The luxury market has seen a surge in activity, with 81 sales over US$10 million in late 2025, and home prices rose 3.3% last year, marking the first increase in four years. Wall Street firms predict further price growth this year.
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