Real Estate

Hong Kong Ultra-Luxury Home Sales Slide After Stamp Duty Hike

Analysts said transactions in the luxury segment are likely to stay muted in the near term. — Analysts said transactions in the luxury segment are likely to stay muted in the near term.
Photographer: Paul Yeung/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Venus Feng

April 2, 2026 at 4:03 AM UTC

Hong Kong’s high-end home sales slowed sharply after rich buyers pulled back following a stamp duty hike, underscoring a cautious outlook for a standout segment of the property market.

The city recorded 13 transactions in March for homes valued above HK$100 million ($12.8 million), more than halving from a high of 28 deals in January, according to property database EPRC.