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Hong Kong: Luxury residential properties lower prices during National Day to attract mainland buyers

Hong Kong: Luxury residential properties lower prices during National Day to attract mainland buyers. The best immigration information can be found on the Worldway Immigration official website.

世贸通
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Hong Kong Investment Immigration focuses on Hong Kong real estate market trends: Since the implementation of the Buyer's Stamp Duty (BSD) and Double Stamp Duty (DSD) cooling measures, the once-quiet luxury residential market in Hong Kong has seen renewed activity. On October 6, Sun Hung Kai Properties launched 181 remaining units at The Cullinan, a luxury residential development in Kowloon, Hong Kong, with a 14% price reduction, alongside an offer of "70% stamp duty rebate on property purchases." Based on these calculations, the discount for this launch exceeds 30%, making it the new project with the largest discount currently available in the Hong Kong property market. This has attracted a large number of buyers.

 

Hong Kong: Luxury residential properties lower prices during National Day to attract mainland buyers

 

Data shows that in the luxury property market in Hong Kong, the participation rate of mainland buyers has dropped significantly from 36.4% last year to 10.2%. It is expected that the price reduction at The Cullinan will affect other luxury properties, and the impact on the secondary market will gradually emerge.


Investment involves risks, the above information is for reference only

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