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

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

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Developers in Hong Kong are slashing prices to move unsold inventory ahead of a possible tax on vacant properties. Photo: Winson Wong
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Lam Ka-sing

Lam Ka-sing

Lam Ka-sing is a business reporter who covers property affairs and results. He joined the Post in 2017 and has a degree in international journalism from Hong Kong Baptist University.