You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

2 July 2018 (AFR) – Hong Kong to impose vacancy tax on empty new flats

(2 July 2018, AFR, p33, by Larry Schlesinger, and Venus Wu, Reuters)

‘Hong Kong has proposed a vacancy tax on empty new homes in an attempt to discourage developers from hoarding, but analysts expect the measure to have little impact on prices in a property market rated the world’s least affordable. The tax, at 200 per cent of a newly built unit’s rateable value, which is the estimated annual rental value of a property, is among a series of property cooling measures announced by the city’s chief executive, Carrie Lam.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Advertisements
%d bloggers like this: