In optimizing short-term revenue it's plausible that the government did this exactly right: transferred the land and risk to the market before the bottom fell out.
Unclear what the calculus is on long-term revenue.
Unclear what the calculus is on long-term revenue.
Reposted from
Hong Kong Free Press HKFP
HK will put commercial land sales on hold in the upcoming fiscal year, the finance chief has said, citing high vacancy rates and a sluggish property market.
In full: https://buff.ly/4ifnn3Y
In full: https://buff.ly/4ifnn3Y
Comments