Chief Executive Leung Chun-ying warns that the government may impose a vacancy tax on unsold new homes to stop developer hoarding. Photo: David Wong
Chief Executive Leung Chun-ying warns that the government may impose a vacancy tax on unsold new homes to stop developer hoarding. Photo: David Wong

CY Leung threatens a vacancy tax on unsold new flats

Developers could be punished for hoarding homes, chief executive warns, but experts doubt this would boost housing supply

Chief Executive Leung Chun-ying warns that the government may impose a vacancy tax on unsold new homes to stop developer hoarding. Photo: David Wong
Chief Executive Leung Chun-ying warns that the government may impose a vacancy tax on unsold new homes to stop developer hoarding. Photo: David Wong
READ FULL ARTICLE