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
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
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Hong Kong property
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