Hong Kong’s property buyers braved a downpour to snap up more than a hundred unoccupied apartment units, helping developers clear the unsold stock ahead of a government plan to impose a so-called vacancy tax to deter hoarding.
As many as 111 units, or 63 per cent of the 176 put on offer by four developers across the city, were sold as of 3pm on Saturday, according to agents.
In Yuen Long in the New Territories, New World Development sold 25 of the 38 units at Park Villa, recording HK$1.12…
Source : South China Morning Post
Read more…Home demand helps developers clear housing stock before Hong Kong slaps vacancy tax on hoarders















