Developers in Hong Kong are slashing prices to move unsold inventory ahead of a possible tax on vacant properties. Photo: Winson WongDevelopers in Hong Kong are slashing prices to move unsold inventory ahead of a possible tax on vacant properties. Photo: Winson Wong
Developers in Hong Kong are slashing prices to move unsold inventory ahead of a possible tax on vacant properties. Photo: Winson Wong
Property /  Hong Kong & China

Hong Kong’s glut of unsold flats could put more pressure on prices

  • Some developers may offer discounts of as much as 10 per cent as proposed vacancy tax looms
  • Completed but unsold units could see a further 5 per cent to 10 per cent decline, placing them on par with pre-owned homes
Topic |   Hong Kong property
Lam Ka-sing
Lam Ka-sing

Updated: 9:56am, 12 Feb, 2019

Why you can trust SCMP
Developers in Hong Kong are slashing prices to move unsold inventory ahead of a possible tax on vacant properties. Photo: Winson WongDevelopers in Hong Kong are slashing prices to move unsold inventory ahead of a possible tax on vacant properties. Photo: Winson Wong
Developers in Hong Kong are slashing prices to move unsold inventory ahead of a possible tax on vacant properties. Photo: Winson Wong
READ FULL ARTICLE