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 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
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

Topic |   Hong Kong housing
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 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
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
READ FULL ARTICLE