Property News · June 27, 2018

Wong Chuk Hang Station attracts strong interest from property developers, even as new vacancy tax looms


Hong Kong property developers have shown keen 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.
With a total gross floor area of more than 1.5 million square feet, or the size of 14.5 standard football pitches in Hong Kong, the project is valued at HK$36.14 billion, making it the most…

Source : South China Morning Post
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