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
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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
