Leung Chun-ying, pictured in January of 2014, tried to combat speculation in the housing market through special duties. Photo: Sam Tsang

The last leader of Hong Kong tried anti-speculator taxes to attack demand – but home prices soared 52 per cent

Developers undercut intent of special taxes to make speculation less appealing, experts say, by offering offsetting subsidies and good mortgage deals.

Topic |   Hong Kong housing

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Leung Chun-ying, pictured in January of 2014, tried to combat speculation in the housing market through special duties. Photo: Sam Tsang
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