2024 Policy Address: HK expands investment scheme to include residential property assets

The assets must be valued at over $50m.

Foreign investors can now seek residency in Hong Kong by acquiring residential property valued at over $50m, as part of Hong Kong’s expansion of its New Capital Investment Entrant Scheme.

However, Chief Executive John Lee clarified that only HK$10m of the required HK$30m investment can be allocated to residential assets under this scheme.

In his Policy Address, Lee also announced that starting from 1 March 2025, investments made through a private company wholly owned by the applicant will be eligible to count towards their required investment.
Meanwhile, Lee also announced that the government will consult the industry on adding more qualifying transactions eligible for tax concessions for funds and single-family offices.

Lee said Hong Kong is home to 2,700 single-family offices and that the city will become the world’s largest cross-boundary wealth management centre by 2028.

“We will make every effort to attract more global capital to be managed in Hong Kong, including facilitating the opening of new distribution channels for private equity funds through HKEX's listing, and collaborating with sovereign wealth funds in regions along the Belt and Road (B&R),” Lee said.