Posted inBeijingChinaGuangzhouHong KongMacauWorld

PLA urged to release land to combat HK’s housing shortage

The Hong Kong government has come up with a range of new initiatives to tame runaway real-estate prices in the world’s least affordable housing market. The government has proposed a “vacancy tax”, at a rate that is roughly 5% of a property’s value based on the current average rental. City officials have also signaled their resolve […]