Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>While Surprised by HK Stamp Duty Hike for Luxury Home Valued $100M+, JPM Not Concerned as It's More Redistributive Fiscal Policy
Recommend 8 Positive 11 Negative 9 |
||||
|
||||
|
JPMorgan issued a research report saying that it was surprised by the increase in stamp duty rates for properties valued over $100 million in the 2026-27 Budget. Although the headline appears negative, the broker expressed little concern as this would only affect 0.3% of transactions, with only 169 transactions exceeding $100 million in 2025. From the perspective of ultra-rich homebuyers, the additional cost (2.25%) might be negligible, as home price hike over 1-2 months could cover this cost. The policy's aim is not to suppress the property market but rather to serve as a redistributive fiscal policy, taxing the ultra-rich to subsidize the lower-income group. Its top picks include SHK PPT (00016.HK), HENDERSON LAND (00012.HK) and SINO LAND (00083.HK) among developers; HANG LUNG PPT (00101.HK) and SWIREPROPERTIES (01972.HK) among landlords, JPMorgan added. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
