A general view of residential and commercial buildings in the Kowloon district (foreground) with the skyline of Hong Kong Island in the distance. Photo: AFP
Hong Kong developers urge government to defer roll out of vacancy tax as they fear it will intensify market slowdown
- The introduction of the vacancy tax at the moment certainly will add fuel to the fire, the Real Estate Developers Association of Hong Kong said on Friday
- Home prices have fallen since June after rising for the first five months of the year
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Hong Kong property
A general view of residential and commercial buildings in the Kowloon district (foreground) with the skyline of Hong Kong Island in the distance. Photo: AFP