Hong Kong Luxury Homes and villas
Hong Kong Luxury Property Search
As a global financial and commercial center, Hong Kong has established its corporate role with other high quality and livability indexes as well. Hong Kong has also been hailed as “the Pearl of the Orient” and the “New York of Asia”.
It is one of the most sought after locations for investment due to its unparalleled proximity to the mainland, Common Wealth law, and English speaking atmosphere. Its economic stability, openness of free market and transparency of market regulations are comparatively superior to other Asian countries. Being a mixture of the East and the West, it owns a unique style for the architecture and design. Hong Kong luxury flats could be seen in different shapes or sizes.
It tends to build myriad of skyscrapers favoring the surrounding views. Hong Kong could certainly furnish you with an advanced lifestyle for enjoyment. The Hong Kong property market has shown dramatic increases over the last 20 years and there is no end in sight to the property market continuing to deliver high returns.
According to market report, 2,554 cases and a total consideration of HKD 73.412 billion for primary luxury with values over HKD 12 million were recorded in the first 10 months this year.
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.
Hong Kong’s top official has raised the property stamp duty for the second time in three years to tame soaring real estate prices in the world’s least affordable major city.
962 primary market transactions with value over HKD 20 million have been recorded in the first 8 months of the year, rising 25.4% from the 767 recorded in the same period last year.
The ratio of mainland buyer contribution has risen back to above 30% for total transaction volume in the primary luxury market as of 2Q2016.
According to the Land Registry's latest statistics, total number of property transaction has reached 7,430 in August, rising 38% m-o-m, reaching a 14-month high.