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
Topic |   Hong Kong property

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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
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