Hong Kong's Stamp Duty Hike Unlikely to Hurt Property Market Meaningfully -- Market Talk
Dow Jones
Yesterday
0453 GMT - Hong Kong's unexpected stamp duty hike is unlikely to meaningfully hurt the overall residential property market, Julius Baer China strategist and Hong Kong head of research Richard Tang says in a note. He suggests the effect of the new tax rate is limited as it only applies to ultra-luxury homes. However, the move may dent market sentiment in property stocks and trigger some profit-taking, given the Hang Seng Property Index is up over 20% so far this year. Tang expects the property sector to remain on track for a steady recovery. "We view any potential pullback in share prices an opportunity to accumulate," he adds. (jason.chau@wsj.com)
(END) Dow Jones Newswires
February 25, 2026 23:53 ET (04:53 GMT)
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