About 1,500 luxury homes will come onto the Hong Kong market in the next couple of years as developers race to avoid a new tax on empty properties, JLL estimates.
Analysts are expecting the price of top-end units, particularly those in the city’s New Territories, to go down as a result.
“Developers have to put their precious long-saved luxury projects on the market in order to avoid the tax. The old practice of holding on and waiting for deep-pocketed buyers to pay higher prices is…
Source : South China Morning Post
Read more…Prices of luxury homes in New Territories expected to dip as developers rush to offload stock















