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 SoPeople 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
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

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 SoPeople 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
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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