The Hong Kong government’s move to stop pushing the vacancy tax bill has sparked concerns over it’s determination to resolve the city’s housing crisis. Photo: Sun Yeung
Hong Kong treasury minister Christopher Hui denies bowing to pressure from property developers as government ditches vacancy tax plan
- Treasury chief says move is in best interests of the city as housing bureau cites economy as one reason for halting bill
- Under proposed law, developers who left flats empty for more than six months could have been forced to pay fine equivalent to two years of rental income
The Hong Kong government’s move to stop pushing the vacancy tax bill has sparked concerns over it’s determination to resolve the city’s housing crisis. Photo: Sun Yeung
