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