Commercial Real Estate: The Decentralization Trend

Grade-A office vacancy rates in Greater Central have stabilized at approximately 14.8%, yet rental yields remain compressed due to aggressive tenant incentives. Firms are increasingly looking toward Kowloon East and Quarry Bay to cut real estate OPEX by up to 40%.

FAQ: Evolving Stamp Duties (2024)

  • Are Special Stamp Duties (SSD) still applicable?
    No. As of the latest budget, SSD, Buyer's Stamp Duty (BSD), and New Residential Stamp Duty (NRSD) have been abolished to stimulate transaction velocity.
  • What is the Ad Valorem Stamp Duty (AVD) for non-residents?
    Non-residents now pay the standard Scale 1 (Part 1) rates, capping at 4.25% for high-value properties, matching the rate for local permanent residents purchasing a second property.

Tool: Ad Valorem Stamp Duty Calculator (Post-2024 Budget)

Calculate exact stamp duty liabilities for residential property purchases following the withdrawal of all demand-side cooling measures.

Stamp Duty Payable: HK$ 240,000