Edward Yau: The stamp duty on residential properties in Hong Kong worth over 100 million Hong Kong dollars will be increased from 4.25% to 6.5%.

On February 25, Financial Secretary of the Hong Kong Special Administrative Region government, Paul Chan Mo-po, delivered the government's budget for the fiscal year 2026 to 2027 at the Legislative Council. Chan Mo-po announced that the stamp duty rate for residential property transactions of over HK$100 million will be increased from 4.25% to 6.5%, affecting around 0.3% of residential property transactions. It is estimated that this adjustment will generate an additional revenue of approximately HK$1 billion per year, starting from February 26, 2026.