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