According to the Rating and Valuation Department, the vacancy rate of new flats in Hong Kong is 4.3 per cent. Photo: AFP
Chiu Kam-kuen
Opinion

Opinion

Concrete Analysis by Chiu Kam-kuen

Vacancy tax is a short-term solution to Hong Kong’s long-term housing shortage crisis

  • Introduction of a similar vacancy tax in the UK, Canada and Australia did not have any effect on freeing up property, but instead caused rents to rise

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According to the Rating and Valuation Department, the vacancy rate of new flats in Hong Kong is 4.3 per cent. Photo: AFP
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