People line up for the 161 units on sale of Sino Lan's Grand Central phase two development in Kwun Tong on 23 February 2019. Photo: SCMP/Edmond So
Ken Chu
Opinion

Opinion

Ken Chu

The political message of Hong Kong’s proposed vacancy tax speaks louder than its efficacy in bringing down home prices

  • Unlike Vancouver’s vacancy tax aimed at individual owners, Hong Kong’s proposed tax targets developers’ first-hand residential units
  • Critics of Hong Kong’s vacancy tax are barking up the wrong tree, because the levy is aimed at spurring supply, not in controlling prices

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People line up for the 161 units on sale of Sino Lan's Grand Central phase two development in Kwun Tong on 23 February 2019. Photo: SCMP/Edmond So
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