{"id":93989,"date":"2018-07-17T08:00:51","date_gmt":"2018-07-17T01:00:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-proposed-vacancy-tax-could-have-this-one-unintended-consequence-on-home-builders\/"},"modified":"2018-07-17T09:04:12","modified_gmt":"2018-07-17T02:04:12","slug":"hong-kongs-proposed-vacancy-tax-could-have-this-one-unintended-consequence-on-home-builders","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-proposed-vacancy-tax-could-have-this-one-unintended-consequence-on-home-builders\/","title":{"rendered":"Hong Kong\u2019s proposed vacancy tax could have this one unintended consequence on home builders"},"content":{"rendered":"


\nThe 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.
\nSun Hung Kai Properties (SHKP), which has the biggest hoard of completed flats, said on Sunday it would retain a block of 140 units at its soon-to-be completed project, Victoria Harbour, in North Point for leasing, instead of sale. The announcement reflects a U-turn in…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s proposed vacancy tax could have this one unintended consequence on home builders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong government\u2019s plan to impose a vacancy tax on property developers who hoard...<\/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-93989","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-orX","jetpack-related-posts":[{"id":103899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-glut-of-unsold-flats-could-put-more-pressure-on-prices\/","url_meta":{"origin":93989,"position":0},"title":"Hong Kong\u2019s glut of unsold flats could put more pressure on prices","date":"February 12, 2019","format":false,"excerpt":"\r Hong Kong home builders could face greater pressure to slash \u00adprices as the number of completed but unsold new flats they held increased at the end of last year. Analysts said some home builders would offload stock by cutting prices by 5 per cent to 10 per cent from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112146,"url":"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\/","url_meta":{"origin":93989,"position":1},"title":"The many flaws of Hong Kong\u2019s vacancy tax may lead to unintended consequences for the real estate market","date":"November 5, 2019","format":false,"excerpt":"\r In 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builders-raise-prices-confident-that-buyers-will-snap-up-flats-unlocked-by-vacancy-tax\/","url_meta":{"origin":93989,"position":2},"title":"Hong Kong builders raise prices, confident that buyers will snap up flats unlocked by vacancy tax","date":"July 12, 2018","format":false,"excerpt":"\r Hong Kong\u2019s home prices are showing no signs of letting up, as developers continue to raise their offer price with each successive sales launch, confident that there are enough eager property buyers to snap up any additional supply that goes on the market. For proof, look no further than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-hoard-of-empty-flats-aggravates-hong-kongs-housing-crisis-will-a-tax-fix-it\/","url_meta":{"origin":93989,"position":3},"title":"Developers\u2019 hoard of empty flats aggravates Hong Kong\u2019s housing crisis. Will a tax fix it?","date":"April 15, 2018","format":false,"excerpt":"\r Close to 300 flats lie disturbingly vacant in a completed new residential development in Ho Man Tin even as the Hong Kong government struggles to resolve the perennial short supply of housing in the world\u2019s most expensive property market. The 1,429-unit Mantin Heights project in Ho Man Tin was\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":93989,"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":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":93989,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/93989"}],"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=93989"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/93989\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=93989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=93989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=93989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}