Property News · June 27, 2018

Wong Chuk Hang Station attracts huge interest from property developers, showing worries over vacancy tax appear exaggerated


Hong Kong property developers showed overwhelming interest in bidding for a plot of land atop the MTR station in Wong Chuk Hang, even as the government is poised to released its policy position on the proposed vacancy tax, which would encourage companies to clear their stock of completed, but unsold flats.
A total of 36 expressions of interest, including submissions from Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development and Sino Land, were submitted for the third phase of…

Source : South China Morning Post
Read more…Wong Chuk Hang Station attracts huge interest from property developers, showing worries over vacancy tax appear exaggerated

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