{"id":92801,"date":"2018-06-29T20:35:52","date_gmt":"2018-06-29T13:35:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-developers-blast-unfair-vacancy-tax-call-for-longer-grace-period-for-flats-that-dont-sell\/"},"modified":"2018-06-29T21:02:59","modified_gmt":"2018-06-29T14:02:59","slug":"property-developers-blast-unfair-vacancy-tax-call-for-longer-grace-period-for-flats-that-dont-sell","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-developers-blast-unfair-vacancy-tax-call-for-longer-grace-period-for-flats-that-dont-sell\/","title":{"rendered":"Property developers blast \u2018unfair\u2019 vacancy tax, call for longer grace period for flats that don\u2019t sell"},"content":{"rendered":"


\nAn association that represents the city\u2019s major developers blasted the vacancy tax introduced Friday as \u201cunreasonable\u201d and \u201cunfair\u201d, urging the government to grant a grace period for flats that have been put on the market but fail to find buyers immediately.
\n\u201cThe government should allow developers more time to sell stocks of flats, especially large flats that could not be sold in a short period of time,\u201d said Stewart Leung Chi-kin, chairman of the Real…
\n
\nSource : South China Morning Post
\nRead more…Property developers blast \u2018unfair\u2019 vacancy tax, call for longer grace period for flats that don\u2019t sell<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An association that represents the city\u2019s major developers blasted the vacancy tax introduced Friday as...<\/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-92801","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-o8N","jetpack-related-posts":[{"id":95995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-to-get-creative-to-fix-hong-kongs-housing-crisis\/","url_meta":{"origin":92801,"position":0},"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":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":92801,"position":1},"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":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":92801,"position":2},"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":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":92801,"position":3},"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":93465,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rush-to-sell-flats-on-concerns-new-government-measures-could-cool-demand\/","url_meta":{"origin":92801,"position":4},"title":"Hong Kong developers rush to sell flats on concerns new government measures could cool demand","date":"July 6, 2018","format":false,"excerpt":"\r Hong Kong developers are rushing to unload their unsold stocks of properties as fears grow of tougher market conditions after the government announced new measures to ease the city\u2019s long running housing problems. Last week the city\u2019s chief executive, Carrie Lam Cheng Yuet-ngor, announced a vacancy tax on newly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-face-fresh-pressure-to-sell-as-completed-new-units-jump-30-per-cent-in-third-quarter\/","url_meta":{"origin":92801,"position":5},"title":"Hong Kong developers face fresh pressure to sell as completed new units jump 30 per cent in third quarter","date":"October 26, 2018","format":false,"excerpt":"\r New flats have been quickly rolling off the Hong Kong assembly line, recording a 30 per cent jump in the completion rate in the July-to-September period, adding pressure on developers to speed up sales ahead of an expected vacancy tax to deter hoarding. Private flat completion stood at 6,500\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\/92801"}],"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=92801"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92801\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=92801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=92801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=92801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}