Hong Kong Property
Hong Kong property is some of the most expensive in the world. Almost half the population of seven million live in government housing, with the remaining property available for investment. There are virtually no restrictions on purchasing property. Some points to consider include: |
1. |
Hong Kong property prices exceed US$4,000 per square foot. |
2. |
Buying procedures is simple since Hong Kong encourages real estate investment. |
3. |
Foreign banks, particularly those in Asia, can often arrange mortgages. Visit our Asia Property Investment page for more details of Healy Consultants' Asia property and mortgage services |
4. |
Stamp Duty on Hong Kong property ranges from 0.75% to 3.75% of the purchase price. |
5. |
Individuals investing HK$6.5 million (US$835,000) are eligible to apply for a Hong Kong residence visa. For more information on Healy Consultants' migration services, kindly follow this link. |
6. |
Owners and occupiers of Hong Kong property 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. |
7. |
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. |
8. |
Property located on the fourth floor, or any floor with a four in it, is often cheaper because the Cantonese word for 'four' sounds similar to the word for 'death'. |
| Contact Us | |
For more information on any of our Hong Kong property services, email email@healyconsultants.com or telephone us at +(852) 8331 1911. |
|
| Back to Hong Kong Company Formation page. | |
Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
