Hong Kong Set To Impose Vacancy Tax On Empty New Flats

www.oann.com | 5/27/2017 | Staff
marika (Posted by) Level 3
HONG KONG (Reuters) – Hong Kong proposed a vacancy tax on empty new homes on Friday in an attempt to discourage developers from hoarding, but analysts expect the measure to have little impact on prices in the world’s least affordable property market.

The tax, at 200 percent of a newly built unit’s rateable value,...
(Excerpt) Read more at: www.oann.com
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