Hong Kong may introduce a vacancy tax on new residential units if home prices in the city rise more than 10% in a year, according to
- “There might be increasing concerns that the government will start to tighten on the property measures again,” Leung said in a phone interview Tuesday
- Officials would want to be seen as “doing something” to narrow the wealth gap
- Lowering the loan-to-value ratio for second or third home purchases is another possibility
- Such policy measures are unlikely to have much impact on prices but ...