Recently built condos are for lease only.
Note: I would love to buy 1 but those I’m interested are for lease only.
So this condo builder did not sell the condo units and kept all the condo units for lease?
I haven’t heard of such builders. Leasing is not as profitable as building and sell.
Newly built apartment building is not condo and the city would ban the owner from selling individual units
No true because of low interest and prop 13 
Only for small potatos.
Big potato would go building and selling, building and selling, and repeat. That’s how a billionaire is made.
Forget about Prop 13. Singapore has almost zero property tax, that’s 100% better
Huh?
Been over this one. US also has much higher obesity rates and rates of chronic disease. 40% of healthcare spend is on preventable chronic disease. We also consume 80% of the prescription drugs in the world. We spend so much, because we consume a ton of healthcare.
Socialized care is now bankrupting those countries. They are starting to ration care. In the UK, they stopped performing surgery on anyone who’s obese or a smoker. It’s easy to have lower costs when you do that.
So is Hong Kong
Well you better double check your facts.
Homeowners in Hong Kong pays no property tax. Have you been to Hong Kong? I remember that you were from Hong Kong, did I get it wrong?
Only landlords pay some small time tax on rental income. There is no property tax in Hong Kong per se. Hong Kong’s property tax is actually a rental income tax.
HK needs to pay 差餉
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What do you mean?
How much is it?
Is it related to property value?
Is it paid by landlord or tenant?
It is not a property tax for sure. There’s no property tax in Hong Kong, the so-called property tax is only a rental income tax. Can you confirm or deny?
It’s same idea as Singapore. It’s a tax on “property rent”, not property value. If market rent on your property is X, then you need to pay a certain percentage as a tax.
So there is no property tax in Hong Kong, right?
Rental income tax is one kind of income tax, correct?
Homeowners don’t pay any “property tax” if they don’t rent out their house, correct?
Therefore, I think there is no property tax in Hong Kong.
Of course there is. You need to pay the tax on property rent even if you don’t rent it out. And guess what? The higher your property value, the higher the potential rent.
still not much. and you have to pay HOA, HOA lot more than those tax
What you said is not right, according to HK government website. Property tax is based on actual rental income. Sorry for telling the truth
Rule #1: do not argue with natives on foreign issues you are not familiar with. It’s a losing battle.
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HK property tax is close to zero. How can you deny this fact?
Is it a honor to pay high property tax?
I can’t believe truth is so hard to get for even such a trivial fact. Ask your relatives there.
I was told by a HK people that. He was surprised that Americans pay thousands of dollars just because they own their own homes.