Property News · May 12, 2018

Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam


Last week, property agent Alvin Tai brought three clients to view four units on the 85th floor of the Cullinan luxury development near Kowloon MTR station that has been left unsold by the developer Sun Hung Kai Properties for more than 10 years, in the hope of closing deals that would fetch millions of Hong Kong dollars in commissions alone.
Most agents like Tai, Hong Kong Property’s point man for luxury homes in the Kowloon area, are excited as they could earn commissions of up to four…

Source : South China Morning Post
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