Hong Kong Property

Hong Kong real estate is notoriously expensive, property prices being some of the highest in the world. Almost half the population of seven million live in government housing, with the remainder open for investment. There are virtually no restrictions on who can buy property in Hong Kong.

Some points to consider with Hong Kong property investment include:

Real estate prices regularly top US$4,000 per square foot;

Buying a property in Hong Kong is relatively simple, the process being based on UK common law;

Foreign banks, particularly those in Asia, can often arrange mortgages for a Hong Kong property. Kindly follow this link for more details of Healy Consultants' Asia property and mortgage services

Hong Kong Stamp Duty ranges from 0.75% to 3.75% of the purchase price;

Individuals investing HK$6.5 million (US$835,000) in property in Hong Kong are eligible to apply for a Hong Kong residence visa;

Owners and occupiers of Hong Kong real estate are liable to pay property tax of 16% of the assessed annual rental income, regardless of whether the person is non-resident in Hong Kong and regardless of nationality;

Depreciation or interest costs are deductible for corporate profits tax purposes. Therefore, it is beneficial for a Hong Kong property to be owned by a Hong Kong corporation;

According to leading Hong Kong conglomerate Cheung Kong, the outlook for the Hong Kong property market is 'promising' for the second half of 2006, due to strong demand for private housing;

Properties on the fourth floor, or any floor with a four in it, are often slightly cheaper because the Cantonese word for 'four' sounds similar to the word for 'death'.

For more information on Healy Consultants' migration services, kindly follow this link.

Contact Us

For more information on any of our Hong Kong property services, email email@healyconsultants.com or telephone us at +(852) 8331 1911.

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