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  • August 22, 2014
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  1. Property - Hong Kong & China - HOUSING

    Hong Kong to see surge in tiny flats as demand remains strong

    Posted Jul 29th 2014, 04:08pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Demand for ever-smaller homes remains strong due to cheaper prices, with developers expected to build increasing numbers of shoe-box flats HK to see surge ... square foot. A case in point was a 225 sq ft unit at a new project, The Avery in Kowloon City, which has been leased at a monthly rent of HK$14,000, or HK$62 per square foot- which is higher than ...

    http://www.scmp.com/property/hong-kong-china/article/1561853/trend-towards-tinier-flats-seen-prices-rents-rise
  2. News - Hong Kong - HOUSING

    High management fees likely for single-block developments, say property specialists

    Posted Jul 25th 2014, 03:42am by Olga Wong

    ... from HK$2,043 to HK$2,073 a month for their flats of 478 to 482 sq ft. Chan Kwok-hung, one of 12,500 people who applied in June to buy flats, attracted by prices of HK$641,100 to HK ... "I'm afraid the fee will escalate to HK$3,000 with inflation and ageing of the building." The fee is close to the monthly payment of HK$2,500 on a 25-year mortgage and, at about HK ...

    http://www.scmp.com/news/hong-kong/article/1558541/high-management-fees-likely-single-block-developments-say-property
  3. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

    Posted Jul 03rd 2014, 03:26am by Olga Wong

    ... increase of almost 10 per cent, if an authority committee approves the plan tomorrow. A government source says the authority's deficit for this financial year will be slashed from HK$1.7 billion to HK$900 million if the plan is endorsed by independent members of the subsidised housing committee. But the deficit will rise to HK$2.1 billion if members vote to waive one month's ...

    http://www.scmp.com/news/hong-kong/article/1545118/housing-authority-set-increase-rents-public-flats-10-cent
  4. Property - Hong Kong & China - HOUSING

    Strong bidding for Xiamen land points to continued home price rises

    Posted Jul 18th 2014, 02:52am by Sandy Li

    ... billion yuan (HK$4.24 billion) after 110 rounds of fierce and frenzied bidding that saw it beat out two keen rivals, including Hong Kong-listed China SCE Property Holdings. The price tag, ...

    http://www.scmp.com/property/hong-kong-china/article/1555915/strong-bidding-xiamen-land-points-continued-home-price
  5. Property - Hong Kong & China - HOUSING

    Decline in Beijing’s used home prices accelerates as Shanghai’s edge up

    Posted Jul 15th 2014, 03:18pm by Langi Chiang

    ... to 41,243 yuan (HK$51,825) per square metre in June. It jumped 17.8 per cent in Shanghai to 34,768 yuan per square metre, according to the index, the product of a collaboration between the South ...

    http://www.scmp.com/property/hong-kong-china/article/1553992/decline-beijings-used-home-prices-accelerates-shanghais
  6. Property - Hong Kong & China - HOUSING

    Positive sentiment bodes well for upcoming launches of new homes

    Posted Jul 08th 2014, 02:59pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Rising second-hand residential values help boost demand and prospects for developers' launches HK price rebound set to benefit upcoming projects ... by Wheelock, New World Development and MTR Corp, more than 500 units were sold for a total of about HK$10 billion in the past 16 days. Wong said market response remains positive, and that would benefit ...

    http://www.scmp.com/property/hong-kong-china/article/1549581/positive-sentiment-bodes-well-upcoming-launches-new-homes
  7. News - Hong Kong - HOUSING

    24 sites reserved for public housing sold to developers, says report

    Posted Jul 10th 2014, 04:30am by Jennifer Ngo

    ... spent around HK$209 million from 2011 to 2013 on site formation and reclamation of land that was ultimately returned to the government, and development costs were written off. ...

    http://www.scmp.com/news/hong-kong/article/1550584/24-sites-reserved-public-housing-sold-developers-says-report
  8. News - Hong Kong - HOUSING

    Lawmakers call for study into return of rent controls to protect tenants

    Posted Jul 08th 2014, 03:42am by Olga Wong

    ... controls in Hong Kong- which ended in 1998- covered mainly older properties and those with a rateable value of less than HK$30,000.   ...

    http://www.scmp.com/news/hong-kong/article/1549165/lawmakers-call-study-return-rent-controls-protect-tenants
  9. News - Hong Kong - HOUSING

    300 buyers compete per flat in Lantau scheme

    Posted Jun 25th 2014, 04:49am by Olga Wong

    ... size is about 480 sq ft and they are priced between HK$640,000 and HK$900,000- 70 per cent of the market rate. "The prices are too attractive. They are even less than the down payment ... well off to qualify for public flats. For the Tai O project, sales are limited to those with monthly incomes of no more than HK$22,000 for a single buyer and HK$40,000 for a household.   ...

    http://www.scmp.com/news/hong-kong/article/1539828/300-buyers-compete-flat-lantau-scheme
  10. News - Hong Kong - HOUSING

    An open-and-shut case? Not for some homebuyers

    Posted Jun 30th 2014, 05:06am by Olga Wong

    ... tried hard to wade through the 111-page sales brochure before signing a deal for nearly HK$8 million for the flat in tower one of Trinity Towers with her newly wedded husband in April. She gave ... A flat of about 1,400 sq ft in tower 16 was sold for HK$13.76 million last year. Wong Kwok-hing, who chairs the Legislative Council housing panel, said: "The way developers present ...

    http://www.scmp.com/news/hong-kong/article/1543200/open-and-shut-case-not-some-homebuyers

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