{"id":84634,"date":"2018-04-06T07:30:27","date_gmt":"2018-04-06T00:30:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/commentators-agree-empty-flat-tax-is-needed-to-kick-start-selling\/"},"modified":"2018-04-06T08:05:49","modified_gmt":"2018-04-06T01:05:49","slug":"commentators-agree-empty-flat-tax-is-needed-to-kick-start-selling","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/commentators-agree-empty-flat-tax-is-needed-to-kick-start-selling\/","title":{"rendered":"Commentators agree, empty flat tax is needed to kick-start selling"},"content":{"rendered":"


\nAn expected interest rate rise in June is likely to force more developers and homeowners, alike, to dig in and not sell their new and second-hand flats, adding more pressure on the Hong Kong government to introduce a levy on unoccupied properties to increase supply, according to leading market watchers.
\nHong Kong Financial Secretary Paul Chan Mo-po last month unveiled the government is considering imposing the tax, in a bid to cool the city\u2019s red-hot property prices and make more…
\n
\nSource : South China Morning Post
\nRead more…Commentators agree, empty flat tax is needed to kick-start selling<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An expected interest rate rise in June is likely to force more developers and homeowners,...<\/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-84634","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-m14","jetpack-related-posts":[{"id":87861,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-considers-a-tax-on-empty-property-how-do-other-places-deal-with-unoccupied-homes\/","url_meta":{"origin":84634,"position":0},"title":"As Hong Kong considers a tax on empty property, how do other places deal with unoccupied homes?","date":"May 12, 2018","format":false,"excerpt":"\r Hong Kong\u2019s government is debating imposing a tax on vacant properties as a way of helping ease the city\u2019s acute housing shortage. A number of locations worldwide have similar taxes. Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam Paris Introduced in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112881,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-flat-sales-in-hong-kong-at-15-year-high-as-developers-offer-deep-discounts-amid-protests-impending-vacancy-tax\/","url_meta":{"origin":84634,"position":1},"title":"New flat sales in Hong Kong at 15-year high as developers offer deep discounts amid protests, impending vacancy tax","date":"December 5, 2019","format":false,"excerpt":"\r Homebuyers spent HK$214 billion (US$27.3 billion) on more than 20,000 new flats in the first 11 months of the year, the most since 2004, as developers rushed to offload stock because of the impending vacancy tax and uncertain market outlook, according to Ricacorp Properties.The average flat price fell 26.8\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":84634,"position":2},"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":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":84634,"position":3},"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":[]},{"id":146719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/would-you-live-in-a-haunted-hong-kong-flat-where-someone-died-an-unnatural-death\/","url_meta":{"origin":84634,"position":4},"title":"Would you live in a \u2018haunted\u2019 Hong Kong flat, where someone died an unnatural death?","date":"August 20, 2024","format":false,"excerpt":"\r In Hong Kong, the stigma attached to living where someone has died an unnatural death is so strong that a property agent may not find a tenant or buyer even if they lower the rent or selling price.\r \r Source : South China Morning Post\r Read more...Would you live\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-end-13-month-upswing-as-mainland-chinese-tax-fears-weigh-on-demand\/","url_meta":{"origin":84634,"position":5},"title":"Hong Kong home prices end 13-month upswing as mainland Chinese tax fears weigh on demand","date":"August 28, 2026","format":false,"excerpt":"\r Hong Kong\u2019s lived-in home prices fell 0.46 per cent in July, halting a 13-month upswing, according to the latest official data. The index tracking second-hand homes slipped to 321.5 in July from 323 in June, Rating and Valuation Department (RVD) data showed on Thursday. It was the first decline\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\/84634"}],"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=84634"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84634\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}