News Hong Kong Property & Finance

New US tax bill - HK property prices/rent

ORIGINAL POST
Posted by F100 19 yrs ago
any comments on how the new US Tax on housing benefits will have on property prices/rentals in hong kong?


do you think the market will go down?

thanks for your comments.

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COMMENTS
Burgundy 19 yrs ago
Might have some short term effect in predominantly American areas (eg Repulse Bay); but ultimately employers will just compensate employees for it.

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dimac4 19 yrs ago
Maybe the American companies will not be as lenient with their money with regard to rental allowance if they also need to top up a tax reimbursement as well. May create a levelling off.


May also create a problem with non American companies hiring Americans in some ways - it will come down to the individual and what they are prepared to compromise on. May mean less demand for the super high rental properties such as redhill and the peak and a reduction there. The middle rental - not sure.

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