Residential buildings are illuminated under Lion Rock in Kowloon, Hong Kong, on May 7. Lawmakers have shelved plans to impose a vacancy tax, which was designed to punish property developers who hoard newly completed flats, taking advantage of the housing shortages to push up prices. Photo: Sun Yeung
Residential buildings are illuminated under Lion Rock in Kowloon, Hong Kong, on May 7. Lawmakers have shelved plans to impose a vacancy tax, which was designed to punish property developers who hoard newly completed flats, taking advantage of the housing shortages to push up prices. Photo: Sun Yeung