Jul

Don’t Expect Hong Kong’s Empty-Home Tax to Cool Property Prices

Developers can easily absorb tax under new rules, analysts say
Home prices in Hong Kong have more than doubled in past decade

Hong Kong’s plan to tax unsold new apartments may have little effect on the city’s red-hot housing market.

The levy was announced Friday by Chief Executive Carrie Lam as part of a broader effort aimed at boosting supply in the world’s least affordable property market. Yet analysts from Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. say the latest impost won’t dent soaring prices…

Categories : Real Estate

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Don’t Expect Hong Kong’s Empty-Home Tax to Cool Property Prices

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