Will the Vacancy Tax Fix Housing in Hong Kong?



Posted by Ed 2 mths ago
A proposed vacancy tax set to cool Hong Kong’s red-hot property market would just be a “political gesture” and instead delay the roll-out of completed flats in the short term, market watchers said on Wednesday.

Shih Wing-ching, founder of Centaline Property Agency, said the vacancy rate of flats in the city was around 3.7 per cent, calling it relatively low compared with other places worldwide.

Citing government estimates, Shih said there were about 9,000 vacant and newly built residential properties in Hong Kong.


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