Property News · November 5, 2019

The many flaws of Hong Kong’s vacancy tax may lead to unintended consequences for the real estate market


In the September 11 Legislative Council Brief on the Rating (Amendment) Bill 2019 (the “Bill”), the Transport and Housing Bureau stated that the number of unsold, completed first-hand residential units of Hong Kong have increased to 9,000 units at the end of March 2018.The government considers the situation undesirable in the face of a housing shortage, and resolved that more effective measures must be taken to encourage developers to expedite the supply of such units. It is one of the Hong…

Source : South China Morning Post
Read more…The many flaws of Hong Kong’s vacancy tax may lead to unintended consequences for the real estate market

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