{"id":110725,"date":"2019-09-13T15:24:19","date_gmt":"2019-09-13T08:24:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-urge-government-to-defer-roll-out-of-vacancy-tax-as-they-fear-it-will-intensify-market-slowdown\/"},"modified":"2019-09-13T16:03:20","modified_gmt":"2019-09-13T09:03:20","slug":"hong-kong-developers-urge-government-to-defer-roll-out-of-vacancy-tax-as-they-fear-it-will-intensify-market-slowdown","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-urge-government-to-defer-roll-out-of-vacancy-tax-as-they-fear-it-will-intensify-market-slowdown\/","title":{"rendered":"Hong Kong developers urge government to defer roll out of vacancy tax as they fear it will intensify market slowdown"},"content":{"rendered":"


\nHong Kong developers have urged the government to consider a temporary suspension of the proposed vacancy tax, as they fear it would intensify the slowdown in the property market already reeling from the US-China trade war and social turmoil.\u201cThe introduction of the vacancy tax at the moment certainly will add fuel to the fire,\u201d the Real Estate Developers Association of Hong Kong (Reda), said on Friday.\u201cThe Hong Kong government forecast shows that the city\u2019s economy is undergoing adjustment. If\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developers urge government to defer roll out of vacancy tax as they fear it will intensify market slowdown<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong developers have urged the government to consider a temporary suspension of the proposed...<\/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-110725","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-sNT","jetpack-related-posts":[{"id":106592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/completion-of-new-flats-in-hong-kong-plummets-to-four-year-low-as-looming-vacancy-tax-spooks-developers\/","url_meta":{"origin":110725,"position":0},"title":"Completion of new flats in Hong Kong plummets to four-year low as looming vacancy tax spooks developers","date":"April 26, 2019","format":false,"excerpt":"\r The number of new flats built to completion in Hong Kong plunged by 88 per cent to just 1,000 in the first three months of the year as developers fearful of the government\u2019s planned vacancy tax held back.It is the lowest number since the first quarter of 2015, and\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":110725,"position":1},"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":113463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-falls-well-short-of-target-for-completion-of-new-flats-as-protests-vacancy-tax-cause-construction-slowdown\/","url_meta":{"origin":110725,"position":2},"title":"Hong Kong government falls well short of target for completion of new flats as protests, vacancy tax cause construction slowdown","date":"January 7, 2020","format":false,"excerpt":"\r The Hong Kong government looked likely to fall well short of its 2019 target for completion of new flats, according to official data released on Tuesday.By the end of November, it had achieved just 63 per cent of the full-year target, with analysts blaming a slowdown in construction as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-speed-up-sale-of-empty-flats-as-plans-for-vacancy-tax-gathers-steam\/","url_meta":{"origin":110725,"position":3},"title":"Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam","date":"May 12, 2018","format":false,"excerpt":"\r Last week, property agent Alvin Tai brought three clients to view four units on the 85th floor of the Cullinan luxury development near Kowloon MTR station that has been left unsold by the developer Sun Hung Kai Properties for more than 10 years, in the hope of closing deals\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/looming-vacancy-tax-is-prying-long-held-flats-from-hong-kong-developers-who-kept-them-locked-away-for-future-appreciation-riches\/","url_meta":{"origin":110725,"position":4},"title":"Looming vacancy tax is prying long-held flats from Hong Kong developers who kept them locked away for future appreciation riches","date":"September 21, 2018","format":false,"excerpt":"\r Hong Kong\u2019s tax on empty flats appears to be working. The city\u2019s cash-rich developers had hoarded more than 9,000 new flats as of June 29, according to government data, when the vacancy tax was first proposed. Some of the flats had been held for more than a decade. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rush-to-sell-empty-flats-ahead-of-new-vacancy-tax\/","url_meta":{"origin":110725,"position":5},"title":"Hong Kong developers rush to sell empty flats ahead of new vacancy tax","date":"June 20, 2018","format":false,"excerpt":"\r Property developers are rushing to offload vacant flats before the government unveils details of a new tax on empty units this month. Having stood unoccupied for the last five years, New World Development said it will release the last 38 homes in phase one of its Park Villa project\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\/110725"}],"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=110725"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110725\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}