MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Lawmakers call for pension reform, age-friendly housing to address aging population

  • Labor law revisions advance as lawmakers clash over leave proposals

  • Forum urges clearer targets for Macau’s Third Five-Year Plan

  • Lawmakers, police warn of surge in illegal World Cup betting risks

  • SSM urges summer safety vigilance as heat risks rise

  • China can build humanoids at scale. The hard part is finding enough buyers 

Greater BayMacau
Home›Greater Bay›Hong Kong | Gov’t cracks down on developers who defy vacancy tax

Hong Kong | Gov’t cracks down on developers who defy vacancy tax

By -
March 28, 2019
13
0
Share:

Hong Kong’s government unveiled details of a planned tax on unsold new apartments, including the potential for jail time for developers who defy the rules.

Developers will be required to submit reports annually on the status of apartments, with false statements punishable by a fine and a year in prison, a document submitted to the legislature late Tuesday proposed.

Notorious as the world’s least affordable housing market, Hong Kong’s aim is to boost the supply of homes, a move that could help to curb price pressures. Builders would be more likely to sell apartments quickly rather than stockpiling them in the hope of price gains and bigger profits in the future.

Under the plan, a tax amounting to double an apartment’s annual rental value would apply after six months of vacancy. The proposal also plugs a loophole: developers can’t beat the tax simply by selling a new apartment to an associated company.

The government plans to introduce a bill containing the measures before the end of the legislative year in July.

FacebookTweetPin

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Like this:

Like Loading…

Related

Previous Article

Corporate Bits | Sands cares ambassadors complete ...

Next Article

A must-have for Hong Kong’s rich: USD75 ...

0
Shares

    Related articles More from author

    • HeadlinesMacau

      Gaming | Pansy Ho is coming home

      March 5, 2021
      By Renato Marques, MDT
    • Macau

      GDP contracts 26.4 pct as casino slump threatens surplus

      September 1, 2015
      By -
    • Macau

      Hengqin sets up think-tank with UM and mainland institutes

      April 13, 2015
      By -
    • Macau

      Football | Inter Milan vs PSG match finally confirmed

      July 4, 2019
      By Renato Marques, MDT
    • Macau

      Cinematheque Passion to reopen in August after renovation

      May 12, 2020
      By -
    • Macau

      MGTO outlines five-level congestion system behind visitor flow tool

      June 9, 2026
      By Nadia Shaw, MDT

    Leave a reply Cancel reply

    You must be logged in to post a comment.

    • World

      Nigeria In lithium boom, many mines are illegal and children do much of the work

    • China

      Fosun bets new tech to woo Chinese to pay up for Iraq war movie

    • China

      Molten iron creates bursts of light at CNY show

    DAILY EDITION

    Wednesday, June 10, 2026 – edition no. 4968

    Greater Bay

    MDT MACAU GRAND PRIX SPECIAL

    June 2026
    M T W T F S S
    1234567
    891011121314
    15161718192021
    22232425262728
    2930  
    « May    

    Timeline

    • June 10, 2026

      Lawmakers call for pension reform, age-friendly housing to address aging population

    • June 10, 2026

      Labor law revisions advance as lawmakers clash over leave proposals

    • June 10, 2026

      Forum urges clearer targets for Macau’s Third Five-Year Plan

    • June 10, 2026

      Lawmakers, police warn of surge in illegal World Cup betting risks

    • June 10, 2026

      SSM urges summer safety vigilance as heat risks rise

    • June 10, 2026

      China can build humanoids at scale. The hard part is finding enough buyers 

    • June 10, 2026

      Record MOP35 million cannabis haul seized at airport

    • June 10, 2026

      Smart lanes handle majority of Hengqin Port vehicle traffic

    • June 10, 2026

      Macau faces building management gap as nearly 5,000 structures lack management oversight

    • June 10, 2026

      MPU eyes global top 100 partnerships while building Hengqin tech hub

    Extra Times

    Extra TimesHeadlinesTaste of Edesia

    Shared Summer 

    There is a particular kind of magic that descends upon Hong Kong when summer arrives. The air hums with humidity and possibility, the harbour shimmers like a heat haze, and ...
    • Boots Riley’s ‘I Love Boosters’ is a wild, surrealist social satire

      By MDT/AP
      June 5, 2026
    • On McCartney’s ‘The Boys of Dungeon Lane,’ an ex-Beatle reminisces

      By MDT/AP
      June 5, 2026
    • Water Garden

      By -
      June 5, 2026
    • A Father’s Day Feast to Remember

      By Irene Sam, MDT
      May 29, 2026
    • Recent

    • Popular

    • Lawmakers call for pension reform, age-friendly housing to address aging population

      By Yuki Lei, MDT
      June 10, 2026
    • Labor law revisions advance as lawmakers clash over leave proposals

      By Renato Marques, MDT
      June 10, 2026
    • Forum urges clearer targets for Macau’s Third Five-Year Plan

      By Ricaela Diputado, MDT
      June 10, 2026
    • Lawmakers, police warn of surge in illegal World Cup betting risks

      By Yuki Lei, MDT
      June 10, 2026
    • SSM urges summer safety vigilance as heat risks rise

      By Nadia Shaw, MDT
      June 10, 2026
    • China can build humanoids at scale. The hard part is finding enough buyers 

      By -
      June 10, 2026
    • Record MOP35 million cannabis haul seized at airport

      By Nadia Shaw, MDT
      June 10, 2026
    • Canidrome may have its days numbered, decision in ‘one or two months’

      By Paulo Coutinho, MDT
      May 26, 2016
    • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

      By -
      May 4, 2016
    • Editorial | Canidoomed

      By Paulo Coutinho, MDT
      June 1, 2016
    • Animal Welfare | Canidrome presented with ultimatum: close or move

      By Daniel Beitler, MDT
      July 22, 2016
    • Australia regulator cracks down on alleged exportation of dogs to Macau

      By Paulo Coutinho, MDT
      June 10, 2016
    • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

      By Catarina Pinto
      July 6, 2015
    • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

      By Daniel Beitler, MDT
      May 27, 2016
    • Contact our Administrator
    • Contact our Editor-in-Chief
    • Contacts
    • Our Team
    • Privacy Policy
    • Terms and Conditions
    • Editorial Statute
    • Code of Ethics
    COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
    MACAU DAILY TIMES
    • Home
    • Macau
      • Photo Shop
      • Advertorial
    • Interview
    • Greater Bay
    • Business
      • Corporate Bits
    • China
    • Asia
    • World
    • Sports
    • Opinion
      • Editorial
      • Our Desk
      • Business Views
      • China Daily
      • Multipolar World
      • The Conversation
      • World Views
    • Our Team
    • Editorial Statute
      • Code of Ethics
      • Privacy Policy
      • Terms and Conditions
    • Archive
    • Contacts
    • Extra Times
      • Drive In
      • Book It
      • tTunes
      • Features
      • World of Bacchus
      • Taste of Edesia

    Loading Comments...

    You must be logged in to post a comment.

      %d