One of the world's hottest property markets is readying a contentious change

(June 25): Hong Kong's housing market has shown little sign of cooling after years of consistent price increases. In response, the government is now considering a controversial measure.

Property in the semi-autonomous region of China has long ranked among the world’s most expensive due to inadequate land supply, robust speculation, demand from mainland Chinese buyers and years of enticingly low interest rates. Although many responses have been considered, the city's government is now weighing a tax on vacant apartments.

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