Campaigners from green groups hold a press conference in March to urge the government to abandon the controversial Lantau reclamation project for housing, which would take years to complete, cost billions in public funds and have a serious impact on the environment. Photo: Sam Tsang
Hong Kong’s runaway property prices and land supply shortage could be tackled by adopting Germany’s tax laws
- The Hong Kong government must enact laws to tax increases in land value over and above a fixed market valuation. This would discourage speculators from holding out for future capital gain
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Hong Kong property
Campaigners from green groups hold a press conference in March to urge the government to abandon the controversial Lantau reclamation project for housing, which would take years to complete, cost billions in public funds and have a serious impact on the environment. Photo: Sam Tsang