Hong Kong’s 6.5% stamp duty will not stop luxury homebuyers from mainland China: analysts

South China Morning PostEN 1 min read 100% complete by Peggy YeFebruary 27, 2026 at 12:30 AM

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Hong Kong increased the stamp duty on luxury homes exceeding HK$100 million to 6.5% in its annual budget, effective Wednesday. Analysts believe this increase will not deter mainland Chinese buyers, who currently account for approximately 80% of these high-end property transactions in prime districts. The government's move aims to prevent overheating in the luxury property market following a surge in large-ticket transactions this year. Centaline Property reported 48 such deals worth HK$10.4 billion year-to-date, compared to 262 transactions worth HK$53.1 billion in 2023. Property agents suggest the relatively small increase in transaction costs will be outweighed by the underlying demand from mainland buyers.

Key Entities & Roles

Key Player Opposition Context

Louis Ho Siu-tong 60% Paul Chan Mo 60% Centaline Property ×370% Mainland China ×480% Hong Kong ×390%

Keywords

mainland china buyers 100% stamp duty 90% luxury homes 80% hong kong 70% high-end property 60% property market 60% transaction costs 50% real estate 40%

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Neutral

Score: 0.10

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Source

South China Morning Post

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90%

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Hong Kong

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mainland china buyers stamp duty luxury homes hong kong high-end property property market transaction costs real estate

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