Just six flats out of 113 on offer at Sun Hung Kai Properties’ completed Park Yoho Napoli project, pictured, changed hands on the first day of sales last week. Photo: Xiaomei Chen
Completion of new flats in Hong Kong plummets to four-year low as looming vacancy tax spooks developers
- The proposed levy on unsold flats is an attempt to curb runaway property prices by forcing developers to add more housing to the city’s supply
Topic |
Hong Kong property
Just six flats out of 113 on offer at Sun Hung Kai Properties’ completed Park Yoho Napoli project, pictured, changed hands on the first day of sales last week. Photo: Xiaomei Chen