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Hong Kong Raises Luxury Home Stamp Duty as Market Rebounds

Published: May. 21, 2026 6:19 p.m. GMT+8

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Hong Kong’s legislature approved a higher stamp duty on homes worth more than HK$100 million ($12.8 million), raising the rate to 6.5% from 4.25% as the city’s super-luxury housing market rebounds.

The new rate, passed by the Legislative Council Wednesday, took effect from Feb. 26.

A government spokesperson said the measure is expected to generate about HK$1 billion in additional annual revenue while affecting only about 0.3% of residential transactions.

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Hong Kong’s legislature raised stamp duty on homes over HK$100 million to 6.5% from 4.25%, effective Feb 26.
The measure is expected to generate HK$1 billion annually while affecting only 0.3% of residential transactions.
The increase follows a luxury housing rebound, with record 262 transactions last year; officials say it won't deter talent or family offices.

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Centaurine Property Agency Ltd.: According to the article, Centaline Property Agency Ltd. provided data showing that transactions worth HK$100 million or more in Hong Kong hit a record 262 last year, indicating a sharp recovery in the super-luxury housing market.

AI generated, for reference only