Property developers are rushing to offload vacant flats before the government unveils details of a new tax on empty units this month.
Having stood unoccupied for the last five years, New World Development said it will release the last 38 homes in phase one of its Park Villa project in Yuen Long at discounted prices on Saturday. Sun Hung Kai Properties (SHKP) hopes to clear its stock of 350 empty apartments at Grand Yoho phase two, adjacent to Yuen Long Station, in the second half of this year….
Source : South China Morning Post
Read more…Hong Kong developers rush to sell empty flats ahead of new vacancy tax















