Investing in Hong Kong SAR: Yields, Appreciation & Ownership
Who can buy, how ownership works, and the taxes and duties for buying property in Hong Kong SAR.
Who can buy in Hong Kong SAR
Since February 2024 reforms, Hong Kong suspended the Buyer's Stamp Duty (BSD) and Special Stamp Duty (SSD) previously levied on non-permanent residents. All buyers — locals, mainland Chinese, and foreigners — now pay identical Ad Valorem Stamp Duty at Scale 2 rates based only on property value.
| Buyer | Permitted | Tenure | Conditions |
|---|---|---|---|
| Hong Kong Permanent Resident | Yes | Freehold / 75-99yr Lease | UnrestrictedApproval: Land registry |
| Foreign National / Non-Permanent Resident | Yes | Freehold / Leasehold | Same rights as locals since Feb 2024Approval: Land registry + AVD Scale 2 |
Capital gains on a sale
Hong Kong SAR does not impose a capital gains tax on the sale of property. However, Special Stamp Duty (SSD) may apply to residential properties resold within a short holding period.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| Less than 24 months | Residential Property | SSD applies (rates vary) | N/A |
| 24 months or more | Residential Property | 0% | N/A |
| Any | Non-Residential Property | 0% | N/A |
Always consult a licensed real estate attorney before purchase. Rules change; verify current law. Always confirm with a qualified tax professional. Rules change; verify with a professional before you transact.
Frequently asked questions about Hong Kong SAR
Yes. Same rights as locals since Feb 2024
Buying or selling in Hong Kong SAR?
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