Reported 10 months ago
In an interview with SET News, Lin Yi, a female land administration officer, expressed that Property Hoarding Tax 2.0 may have little effect on curbing housing prices but could indeed increase government revenue effectively. The tax, set to be implemented in July, will have varying impacts on different property owners, possibly affecting small developers with high leverage while larger developers may remain unaffected. Overall, the tax is expected to have minimal impact on the housing market but could boost government revenue.
Source: YAHOO