Property News · September 22, 2018

The last leader of Hong Kong tried anti-speculator taxes to attack demand – but home prices soared 52 per cent


The last chief executive of Hong Kong also tried to tame runaway home prices. Instead, over his five years in office, home prices surged 52 per cent.
Leung Chun-ying focused on demand, thinking that a variety of aggressive stamp duties would curb investors from snapping up multiple units. Then more flats would be available for average Hongkongers, his thinking went.
That contrasts with Chief Executive Carrie Lam Cheng, who is trying to unlock supply through a vacancy tax proposed in June that…

Source : South China Morning Post
Read more…The last leader of Hong Kong tried anti-speculator taxes to attack demand – but home prices soared 52 per cent

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