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Good News! Stamp Duties Slashed

Nest Property

Big news for Hong Kong homebuyers! In the 2024-2025 Budget Speech, the Finance Chief announced the removal of all stamp duty restrictions on property transactions with immediate effect.

This eliminates the Buyer’s Stamp Duty, New Residential Stamp Duty, and Special Stamp Duty, meaning anyone can now purchase property in Hong Kong regardless of residency status. Investors also face no limitations on buying and selling. This change makes Hong Kong more competitive compared to other cities with foreign buyer restrictions.

Additionally, maximum loan-to-value ratios have been raised and interest rate stress testing requirements suspended for mortgages. With prices at 2018 lows, relaxed lending, and no stamp duties, it’s an ideal time to buy property in Hong Kong.

Get in touch to discuss how you can capitalise on these game-changing updates. Guaranteed they won’t be in place forever!