{"id":87861,"date":"2018-05-12T10:16:49","date_gmt":"2018-05-12T03:16:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-considers-a-tax-on-empty-property-how-do-other-places-deal-with-unoccupied-homes\/"},"modified":"2018-05-12T11:04:40","modified_gmt":"2018-05-12T04:04:40","slug":"as-hong-kong-considers-a-tax-on-empty-property-how-do-other-places-deal-with-unoccupied-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-considers-a-tax-on-empty-property-how-do-other-places-deal-with-unoccupied-homes\/","title":{"rendered":"As Hong Kong considers a tax on empty property, how do other places deal with unoccupied homes?"},"content":{"rendered":"


\nHong 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.
\nHong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam
\nParis
\nIntroduced in 1999, tax is levied on property in certain municipalities that has been unoccupied for more than 90 consecutive days. Owners of the property pay the tax, which is 12.5 per cent of the property…
\n
\nSource : South China Morning Post
\nRead more…As Hong Kong considers a tax on empty property, how do other places deal with unoccupied homes?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s government is debating imposing a tax on vacant properties as a way of...<\/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-87861","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-mR7","jetpack-related-posts":[{"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":87861,"position":0},"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":84634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/commentators-agree-empty-flat-tax-is-needed-to-kick-start-selling\/","url_meta":{"origin":87861,"position":1},"title":"Commentators agree, empty flat tax is needed to kick-start selling","date":"April 6, 2018","format":false,"excerpt":"\r An 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\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":87861,"position":2},"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":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":87861,"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":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":87861,"position":4},"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":105861,"url":"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\/","url_meta":{"origin":87861,"position":5},"title":"The political message of Hong Kong\u2019s proposed vacancy tax speaks louder than its efficacy in bringing down home prices","date":"April 7, 2019","format":false,"excerpt":"\r Some 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\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\/87861"}],"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=87861"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=87861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=87861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=87861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}