The Hong Kong government’s proposed plan to introduce a property vacancy tax has seen builders such has Sun Hung Kai Properties put some of its flats at The Cullinan development above Kowloon MTR station on sale. Photo: Alamy The Hong Kong government’s proposed plan to introduce a property vacancy tax has seen builders such has Sun Hung Kai Properties put some of its flats at The Cullinan development above Kowloon MTR station on sale. Photo: Alamy
The Hong Kong government’s proposed plan to introduce a property vacancy tax has seen builders such has Sun Hung Kai Properties put some of its flats at The Cullinan development above Kowloon MTR station on sale. Photo: Alamy
Property /  Hong Kong & China

Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam

Experts say the Hong Kong government will have to commit a lot of resources and will have to close every possible loophole for the tax to be effective

Topic |   Hong Kong property
Sandy Li
Sandy Li

Updated: 1:58pm, 12 May, 2018

Why you can trust SCMP
The Hong Kong government’s proposed plan to introduce a property vacancy tax has seen builders such has Sun Hung Kai Properties put some of its flats at The Cullinan development above Kowloon MTR station on sale. Photo: Alamy The Hong Kong government’s proposed plan to introduce a property vacancy tax has seen builders such has Sun Hung Kai Properties put some of its flats at The Cullinan development above Kowloon MTR station on sale. Photo: Alamy
The Hong Kong government’s proposed plan to introduce a property vacancy tax has seen builders such has Sun Hung Kai Properties put some of its flats at The Cullinan development above Kowloon MTR station on sale. Photo: Alamy
READ FULL ARTICLE