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Property tax rejig to amplify revenue
Wichit Chantanusornsiri, Published on 17/04/2024
» Amendment of the land and building tax law is meant to enhance both the efficiency of collection and levy an appropriate rate, while the criteria will have to be tightened to close tax loopholes, says finance permanent secretary Lavaron Sangsnit.
Court orders liquidation of China Evergrande, owes $300bn
Reuters, Published on 29/01/2024
» HONG KONG - A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain a deepening crisis.
When will Hong Kong property prices recover? Not any time soon
South China Morning Post, Published on 04/08/2023
» The extended weakness in Hong Kong's residential property market has been an unusual and unpleasant experience for many of us. Property turnover fell 40% last year with buyers waiting for price falls and sellers unwilling to sell at these prices.