Hong Kong May Tax Vacant Homes if Prices Keep Rising: JPMorgan

July 13, 2021, 4:50 AM

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 Cusson Leung, head of Asia property research at JPMorgan.

  • “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 ...

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