Wheelock Properties offers 318 flats at Marini and Grand Marini in Lohas Park for sale at Harbour City in Tsim Sha Tsui. Photo: Winson Wong

Pressure from Beijing, looming vacancy tax will force Hong Kong’s developers into faster and cheaper project launches, say analysts

  • The looming tax on unsold flats and a series of Chinese state-media commentaries citing unaffordable housing as a factor in the protests rocking Hong Kong have put the city’s developers under pressure, say analysts
  • Developers may price new projects at 10 to 20 per cent below the prevailing secondary market price, said Lung Siu-fung of CCB International Securities
Topic |   Hong Kong property

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Wheelock Properties offers 318 flats at Marini and Grand Marini in Lohas Park for sale at Harbour City in Tsim Sha Tsui. Photo: Winson Wong
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The luxury residential development of Casa Burés, in Barcelona, Spain, which is one of the countries attracting citizenship inquiries from Hongkongers and mainland Chinese residents. Photo: Lucasfox.com

As protests intensify, where are rich Hongkongers investing in property to get a foreign passport?

At least 20 nations that offer citizenship or residency through property investment are growing increasingly popular among city’s residents looking for a ‘Plan B’

Topic |   Property investment

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The luxury residential development of Casa Burés, in Barcelona, Spain, which is one of the countries attracting citizenship inquiries from Hongkongers and mainland Chinese residents. Photo: Lucasfox.com
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