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GRE – Augument Template

Argument Template First paragraph: In this Argument,  the author concludes that/the author predicts that/the author proposes that/ attempts or intends to convince us that —–The conclusion/The prediction/The suggestion is mainly based on —–  + Question: However, several important questions are left unaddressed, rendering the author’s reasoning open to possible counterarguments.  ; However, the author needs […]

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“Vacancy Tax” in China

Hong Kong Executive Council announced the new vacancy tax on June 2018. The levy gives developers 12 months after a new building’s occupation permit is issued to sell or lease out all the units. After this grace period, the vacancy tax will be levied at the rate of 200% of the unsold homes’ rateable value. Chief Executive Carrie Lam said that “The purpose of the new vacancy tax is not to dent soaring housing prices, but aiming to adjust the supply structure of the real estate market”.

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