HK Luxury Home Sales to Slow After Stamp Duty Hike, JLL Says

Hong Kong’s luxury home market will likely cool off following a recent stamp duty increase before rebounding in the second half, JLL’s Greater China Co-CEO Alex Barnes said.

The number of transactions for homes exceeding HK$100 million ($12.8 million) last year was the highest since 2022, and 26 such deals were recorded in January alone, Barnes said in a Bloomberg TV interview.