Thursday 22 October 2020
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scmp - 5 days ago

Hong Kong treasury minister Christopher Hui denies bowing down to pressure from property developers as government ditches vacancy tax law

Hong Kong’s treasury minister on Saturday denied the government had bowed to pressure from property developers, a day after the housing minister said he would shelve a bill imposing tax on them against vacant flats.But housing minister Frank Chan Fan, despite being silent on the bill, wrote on his blog that the government would boost land supply to increase public housing amid a rising demand, as the administration’s move to stop pushing the bill sparked concerns over it’s determination to…


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