A general view of residential and commercial buildings in the Kowloon district (foreground) with the skyline of Hong Kong Island in the distance. Photo: AFPA general view of residential and commercial buildings in the Kowloon district (foreground) with the skyline of Hong Kong Island in the distance. Photo: AFP
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
Business

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
Topic |   Hong Kong property
Sandy Li
Sandy Li

Updated: 11:00pm, 13 Sep, 2019

Why you can trust SCMP
A general view of residential and commercial buildings in the Kowloon district (foreground) with the skyline of Hong Kong Island in the distance. Photo: AFPA general view of residential and commercial buildings in the Kowloon district (foreground) with the skyline of Hong Kong Island in the distance. Photo: AFP
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
READ FULL ARTICLE