Proposed Hong Kong Vacancy Tax Is Limited in Scope and Impact
Last Friday, the Hong Kong government announced a package of new measures to address the worsening housing affordability issue in the city. In particular, the government proposed a new property tax on vacant first-hand private residential units. Owners of such units with occupation permits issued for longer than 12 months, yet not occupied or rented for more than six months during the past 12 months, will be subject to a special rate that is 200% of the property's ratable value, or roughly 5% of...Henderson Land Development is an investment holding company, engaged in property development and investment in Hong Kong and mainland China, hotel operation, project and property management, construction and provision of finance. Co.'s segments include Property development, property leasing, construction, infrastructure, hotel operation, department store operation, utility and energy, and others. Co.'s others segment is involved in the provision of finance, investment holding, project management, property management, agency services, cleaning and security guard services, as well as the trading of building materials and disposal of leasehold land.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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