Hong Kong is unlikely to follow Singapore's example by raising taxes for owners of the most expensive luxury homes, property and tax experts say.
The city-state's initiative is seen as being aimed less at cooling the market than at taxing the wealthy as part of efforts to reduce the income gap.
"Hong Kong's private housing market is a lot bigger than that of Singapore, and many people could be affected if the Hong Kong government follows suit," said Jennifer Wong, a tax partner at KPMG China. Full story
