John Lee, Hong Kong Chief Executive, delivers his third Policy Address today (Oct. 16) at 11 a.m.
Lee declared that the government will enhance the New Capital Investment Entrant Scheme – Effective today (Oct. 16), investment in residential properties is allowed provided that the transaction price of the residential property concerned is no less than HK$50 million, with the amount of real estate investment to be counted towards the total capital investment capped at HK$10 million.
Investments made through an eligible private company wholly owned by an applicant will be counted towards the applicant's eligible investment, effective from March 1, 2025.
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