Vacancy tax on first hand residential properties

The Real Estate Developers Association of Hong Kong has recently received a number of media enquiries regarding a study undertaken by the Government on vacancy tax to be introduced to first hand residential properties.

This is a serious subject as the introduction of any new tax is bound to impact significantly Hong Kong’s tax regime and our overall economy, and as such we believe the Government will naturally consider its implications and listen to the stakeholders prior to taking a decision.

In view of this, the Association will meet with our members shortly to collect their views for the consideration of the Government.