{"id":105861,"date":"2019-04-07T11:30:06","date_gmt":"2019-04-07T04:30:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-political-message-of-hong-kongs-proposed-vacancy-tax-speaks-louder-than-its-efficacy-in-bringing-down-home-prices\/"},"modified":"2019-04-07T12:04:56","modified_gmt":"2019-04-07T05:04:56","slug":"the-political-message-of-hong-kongs-proposed-vacancy-tax-speaks-louder-than-its-efficacy-in-bringing-down-home-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-political-message-of-hong-kongs-proposed-vacancy-tax-speaks-louder-than-its-efficacy-in-bringing-down-home-prices\/","title":{"rendered":"The political message of Hong Kong\u2019s proposed vacancy tax speaks louder than its efficacy in bringing down home prices"},"content":{"rendered":"


\nSome cities in Australia and Canada have introduced some sort of vacancy tax to motivate owners to put their homes for sale or rental on the market.Vancouver, a city which Hong Kong people are very familiar with, introduced a tax, equivalent to 1 per cent of the assessed value of a property deemed to vacant for more than 180 days. The tax was introduced two years ago when 5 per cent of Vancouver\u2019s homes either stood empty or were underutilised, amid skyrocketing prices and soaring rents\u2026
\n
\nSource : South China Morning Post
\nRead more…The political message of Hong Kong\u2019s proposed vacancy tax speaks louder than its efficacy in bringing down home prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some cities in Australia and Canada have introduced some sort of vacancy tax to motivate...<\/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-105861","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-rxr","jetpack-related-posts":[{"id":94207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yuen-long-villas-cut-prices-by-25-per-cent-becoming-the-first-casualties-of-hong-kongs-vacancy-tax\/","url_meta":{"origin":105861,"position":0},"title":"Yuen Long villas cut prices by 25 per cent, becoming the first casualties of Hong Kong\u2019s vacancy tax","date":"July 19, 2018","format":false,"excerpt":"\r Several Hong Kong developers are cutting prices for the first time in three years, slashing as much as 25 per cent off their quotations, becoming the first casualties of the city government\u2019s vacancy tax that was imposed to deter hoarding and boost supply. Paliburg Holdings and Regal International, two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92779,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-this-the-beginning-of-the-end-of-the-growth-in-hong-kongs-runaway-home-prices\/","url_meta":{"origin":105861,"position":1},"title":"Is this the beginning of the end of the growth in Hong Kong\u2019s runaway home prices?","date":"June 29, 2018","format":false,"excerpt":"\r The prices of lived-in homes in Hong Kong gained for a 26th straight month, but the rate of increase has slowed a bit, and is expected to slow even further in the second half after the government imposes a vacancy tax on empty flats. An index of secondary-market home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-glut-of-unsold-flats-could-put-more-pressure-on-prices\/","url_meta":{"origin":105861,"position":2},"title":"Hong Kong\u2019s glut of unsold flats could put more pressure on prices","date":"February 12, 2019","format":false,"excerpt":"\r Hong Kong home builders could face greater pressure to slash \u00adprices as the number of completed but unsold new flats they held increased at the end of last year. Analysts said some home builders would offload stock by cutting prices by 5 per cent to 10 per cent from\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":105861,"position":3},"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":93665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builders-raise-prices-confident-that-buyers-will-snap-up-flats-unlocked-by-vacancy-tax\/","url_meta":{"origin":105861,"position":4},"title":"Hong Kong builders raise prices, confident that buyers will snap up flats unlocked by vacancy tax","date":"July 12, 2018","format":false,"excerpt":"\r Hong Kong\u2019s home prices are showing no signs of letting up, as developers continue to raise their offer price with each successive sales launch, confident that there are enough eager property buyers to snap up any additional supply that goes on the market. For proof, look no further than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105667,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-impending-vacancy-tax-unlikely-to-derail-new-found-housing-price-momentum\/","url_meta":{"origin":105861,"position":5},"title":"Hong Kong\u2019s impending vacancy tax unlikely to derail new-found housing price momentum","date":"April 2, 2019","format":false,"excerpt":"\r The 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\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\/105861"}],"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=105861"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}