Policy Address 2024 | John Lee unveils New Capital Investment Scheme rules, including real estate flexibility
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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