{"id":112146,"date":"2019-11-05T12:21:04","date_gmt":"2019-11-05T05:21:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-many-flaws-of-hong-kongs-vacancy-tax-may-lead-to-unintended-consequences-for-the-real-estate-market\/"},"modified":"2019-11-05T13:12:13","modified_gmt":"2019-11-05T06:12:13","slug":"the-many-flaws-of-hong-kongs-vacancy-tax-may-lead-to-unintended-consequences-for-the-real-estate-market","status":"publish","type":"post","link":"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\/","title":{"rendered":"The many flaws of Hong Kong\u2019s vacancy tax may lead to unintended consequences for the real estate market"},"content":{"rendered":"


\nIn 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 in the face of a housing shortage, and resolved that more effective measures must be taken to encourage developers to expedite the supply of such units. It is one of the Hong\u2026
\n
\nSource : South China Morning Post
\nRead more…The many flaws of Hong Kong\u2019s vacancy tax may lead to unintended consequences for the real estate market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the September 11 Legislative Council Brief on the Rating (Amendment) Bill 2019 (the \u201cBill\u201d),...<\/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-112146","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-taO","jetpack-related-posts":[{"id":93989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-proposed-vacancy-tax-could-have-this-one-unintended-consequence-on-home-builders\/","url_meta":{"origin":112146,"position":0},"title":"Hong Kong\u2019s proposed vacancy tax could have this one unintended consequence on home builders","date":"July 17, 2018","format":false,"excerpt":"\r The Hong Kong government\u2019s plan to impose a vacancy tax on property developers who hoard empty, unsold flats could have the unintended consequence of spurring home builders to reclassify some units for the rental market. Sun Hung Kai Properties (SHKP), which has the biggest hoard of completed flats, said\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":112146,"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":95995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-to-get-creative-to-fix-hong-kongs-housing-crisis\/","url_meta":{"origin":112146,"position":2},"title":"We need to get creative to fix Hong Kong\u2019s housing crisis","date":"August 14, 2018","format":false,"excerpt":"\r For many people in Hong Kong, home is not where the heart is. Whether they are stuck on social-housing waiting lists for years, living in potentially dangerous subdivided units, stumping up for a \u201cnano\u201d apartment, or desperately scrimping and saving for decades to get on the first rung of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-cecil-chao-experiments-with-co-living-to-avoid-hong-kongs-looming-vacancy-tax\/","url_meta":{"origin":112146,"position":3},"title":"Billionaire Cecil Chao experiments with co-living to avoid Hong Kong\u2019s looming vacancy tax","date":"October 30, 2019","format":false,"excerpt":"\r Billionaire Cecil Chao Sze-tsung\u2019s Cheuk Nang (Holdings) is offering seven flats at its One Kowloon Peak luxury residential project as co-living units in a bid to avoid vacancy tax amid downbeat sentiment.\u201cThe penalty is quite high if you do not lease them. If it [vacancy tax] is really implemented,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-wraps-up-biggest-weekend-launch-with-a-sell-out-in-yuen-long-as-vacancy-tax-bites\/","url_meta":{"origin":112146,"position":4},"title":"Sun Hung Kai wraps up biggest weekend launch with a sell-out in Yuen Long as vacancy tax bites","date":"August 4, 2018","format":false,"excerpt":"\r Hong Kong\u2019s biggest sale of residential real estate after housing policies were unveiled on June 29 got off to a good start this weekend in Yuen Long, as a vacancy tax pried loose a trove of apartment units to ease the city\u2019s pent-up demand for homes. More than 7,300\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":112146,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112146"}],"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=112146"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}