The Hong Kong Legislative Council passed the Stamp Duty (Amendment) Bill, which is expected to benefit around 15% of property transactions.

On May 7, the Legislative Council passed the draft regulations of "2025 Stamp Duty (Amendment) Bill", raising the property value ceiling subject to a stamp duty of HK$100 from HK$3 million to HK$4 million, in order to alleviate the burden on buyers of lower-priced properties. The Hong Kong government welcomes this. A spokesperson for the Hong Kong government stated that, based on property transaction data for the 2024-25 fiscal year, it is estimated that about 15% of property transactions will benefit from this measure, leading to an annual reduction of approximately HK$400 million in government revenue. The passed legislation will be gazetted on May 16. The adjustment has come into effect at 11am on the same day in accordance with the "2025 Public Revenue Protection (Stamp Duty) Order" gazetted on February 26 this year, and will apply to documents signed on or after February 26, 2025.