{"id":105667,"date":"2019-04-02T07:00:07","date_gmt":"2019-04-02T00:00:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-impending-vacancy-tax-unlikely-to-derail-new-found-housing-price-momentum\/"},"modified":"2019-04-02T08:04:51","modified_gmt":"2019-04-02T01:04:51","slug":"hong-kongs-impending-vacancy-tax-unlikely-to-derail-new-found-housing-price-momentum","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-impending-vacancy-tax-unlikely-to-derail-new-found-housing-price-momentum\/","title":{"rendered":"Hong Kong\u2019s impending vacancy tax unlikely to derail new-found housing price momentum"},"content":{"rendered":"


\nThe recent stock rally and US Federal Reserve\u2019s dovish attitude on interest rates have muted the threat of the proposed vacancy tax in a bid to cool home prices by raising supply, say market watchers.The introduction of vacancy tax came a step closer after the Legislative Council\u2019s housing panel started discussions on the proposal on Monday.According to the proposal, the Rating and Valuation Department will determine whether a developer needs to pay vacancy tax, which would be equivalent to\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s impending vacancy tax unlikely to derail new-found housing price momentum<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The recent stock rally and US Federal Reserve\u2019s dovish attitude on interest rates have muted...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105667","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ruj","jetpack-related-posts":[{"id":112894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-offers-421-flats-in-kennedy-town-and-central-for-rent-offering-help-to-ease-housing-shortage-as-vacancy-tax-kicks-in\/","url_meta":{"origin":105667,"position":0},"title":"Sun Hung Kai offers 421 flats in Kennedy Town and Central for rent, offering help to ease housing shortage as vacancy tax kicks in","date":"December 5, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s largest developer, is offering 421 flats for lease with terms as short as one month to cater for the younger population ahead of the impending vacancy tax to stop developers hoarding empty units.The apartments are located in Kennedy Town in the western district\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-tax-is-a-short-term-solution-to-hong-kongs-long-term-housing-shortage-crisis\/","url_meta":{"origin":105667,"position":1},"title":"Vacancy tax is a short-term solution to Hong Kong\u2019s long-term housing shortage crisis","date":"April 16, 2019","format":false,"excerpt":"\r The Hong Kong government plans to introduce a vacancy tax on empty new flats to pry open supply bottlenecks by imposing fines on developers for hoarding new homes. Under the proposed legislation, a tax equivalent to twice the estimated annual rental value will be levied on flats that remain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-race-to-exploit-a-loophole-in-hong-kongs-vacancy-tax-before-a-patch-is-made\/","url_meta":{"origin":105667,"position":2},"title":"Developers race to exploit a loophole in Hong Kong\u2019s vacancy tax before a patch is made","date":"August 4, 2018","format":false,"excerpt":"\r Hong Kong\u2019s developers are racing to exploit a loophole in the vacancy tax announced on June 29 for increasing housing supply, before the city\u2019s Legislative Council mends the gap when it gets around to passing the bill for enacting the levy. The tax, announced by Chief Executive Carrie Lam\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-many-flaws-of-hong-kongs-vacancy-tax-may-lead-to-unintended-consequences-for-the-real-estate-market\/","url_meta":{"origin":105667,"position":3},"title":"The many flaws of Hong Kong\u2019s vacancy tax may lead to unintended consequences for the real estate market","date":"November 5, 2019","format":false,"excerpt":"\r In the September 11 Legislative Council Brief on the Rating (Amendment) Bill 2019 (the \u201cBill\u201d), 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-demand-helps-developers-clear-housing-stock-before-hong-kong-slaps-vacancy-tax-on-hoarders\/","url_meta":{"origin":105667,"position":4},"title":"Home demand helps developers clear housing stock before Hong Kong slaps vacancy tax on hoarders","date":"June 23, 2018","format":false,"excerpt":"\r Hong Kong\u2019s property buyers braved a downpour to snap up more than a hundred unoccupied apartment units, helping developers clear the unsold stock ahead of a government plan to impose a so-called vacancy tax to deter hoarding. As many as 111 units, or 63 per cent of the 176\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110833,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pressure-from-beijing-looming-vacancy-tax-will-force-hong-kongs-developers-into-faster-and-cheaper-project-launches-say-analysts\/","url_meta":{"origin":105667,"position":5},"title":"Pressure from Beijing, looming vacancy tax will force Hong Kong\u2019s developers into faster and cheaper project launches, say analysts","date":"September 17, 2019","format":false,"excerpt":"\r Hong Kong\u2019s developers are coming under mounting pressure to slash their prices and offload new projects as quickly as possible, according to analysts.The pressure is coming from two sources: a looming tax on unsold flats, and a series of Chinese state-media commentaries last week urging the Hong Kong government\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105667"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105667"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105667\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}