As of December 2017, there were 9,500 unsold flats in private developments. Photo: Roy Issa As of December 2017, there were 9,500 unsold flats in private developments. Photo: Roy Issa
As of December 2017, there were 9,500 unsold flats in private developments. Photo: Roy Issa
Hong Kong /  Hong Kong economy

Owners of empty flats could be taxed under new plan to tackle Hong Kong’s housing shortage

Finance chief Paul Chan did not specify if the tax would be on homeowners or developers, but analysts are sceptical if the plan will even come to pass, citing the challenges of imposing it on either group

Topic |   Hong Kong housing
Tony CheungNaomi NgSum Lok-kei
Tony Cheung , Naomi Ng and Sum Lok-kei

Updated: 12:45pm, 16 Mar, 2018

Why you can trust SCMP
As of December 2017, there were 9,500 unsold flats in private developments. Photo: Roy Issa As of December 2017, there were 9,500 unsold flats in private developments. Photo: Roy Issa
As of December 2017, there were 9,500 unsold flats in private developments. Photo: Roy Issa
READ FULL ARTICLE