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  • July 24, 2014
  • Last updated: 3:54pm
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  1. News - Hong Kong - DEVELOPMENT

    Longer wait for flats on the cards amid building shortfall

    Posted Jul 24th 2014, 04:57am by FANNY W. Y. FUNG

    ... below the average annual target of 15,000 set in Chief Executive Leung Chun-ying's policy address for the five years to 2017. The authority's subsidised housing committee yesterday endorsed an annual plan under which 24,800 public rental housing flats would be available for allocation to applicants in the current fiscal year- 26 per cent less than last year's figure. ...

  2. Business - Banking & Finance - DEVELOPMENT

    Competing interests between BRICS nations could lead to challenges for new bank: analysts

    Posted Jul 21st 2014, 03:18am by Daniel Ren, Teddy Ng, KRISTINE KWOK

    ... liquidity pressures, China would have the largest voting right- 39.5 per cent. Any such friction could undermine the lender's growth. Oliver Rui, a professor of finance and accounting ...

  3. Property - Hong Kong & China - DEVELOPMENT

    Hong Kong needs master plan for urban development, architect says

    Posted Jul 22nd 2014, 03:19pm by Yvonne Liu

    ... more than 10 years to develop High Line [a 1.5-kilometre linear park built on the elevated former New York Central Railroad] and the Meatpacking district [a newly popular district on the west ...

  4. News - China - DEVELOPMENT

    Xi Jinping hails 'new horizons' for China and Argentina on visit to Buenos Aires

    Posted Jul 20th 2014, 06:13am by Reuters

    ... in the region. China is Argentina's second-largest trading partner after neighbour Brazil. Last year, Argentina's trade deficit with China rose more than 20 per cent to US$5.8 billion. ...

  5. News - Hong Kong - DEVELOPMENT

    Tribunals to speed up stalled land negotiations

    Posted Jul 15th 2014, 04:29am by Olga Wong

    ... sector, Tony Tse Wai-chuen. To ensure the decision is respected, developers who quit during or after the process will be required to pay 15 per cent of the premium last assessed by the government. ...

  6. News - Hong Kong - DEVELOPMENT

    New town in northeast New Territories threatens businesses and jobs

    Posted Jul 07th 2014, 05:43am by Olga Wong

    ... to increase the housing supply and thus rein in property prices. The area includes at least five non-indigenous villages in Kwu Tung and Fanling North, and at least 70 per cent of the land ... the village produced at least two tonnes of vegetables a day. Most are sent to the wholesale market in Cheung Sha Wan. Farm-fresh produce from Kwu Tung totalled 8 per cent of the 224 tonnes of local ...

  7. Property - Hong Kong & China - DEVELOPMENT

    Business park developer sets 4b yuan floor area target

    Posted Jun 25th 2014, 01:30am by Sandy Li

    ... and 5.38 million sqmetres set aside for future development. Huang, who controls a shareholding of 63.6 per cent in Optics Valley, aims to achieve a gross profit margin of more than 30 per cent given the company's low land cost and fast asset turnover. Its average land acquisition cost was 395 yuan per square metre, which accounted for just 6 per cent of its average selling ...

  8. News - Hong Kong - DEVELOPMENT

    Non-indigenous villagers lose out in compensation for loss of their homes

    Posted Jul 07th 2014, 05:43am by Olga Wong

    ... because the government never formally approved them. Close to 90 per cent of the 727 villages in the New Territories have been recognised as indigenous, while 74 are classed as non-indigenous. ... people live there, including grandchildren, and he raises livestock. He says the government offered him about HK$1,000 per square foot. "For the small sum we can't really afford a flat ...

  9. Property - Hong Kong & China - DEVELOPMENT

    Ghost buildings haunt Tianjin's 'Manhattan' project

    Posted Jul 02nd 2014, 04:49am by BLOOM

    ... connected to the developments said revenue fell 68 per cent last year to an amount that was less than one-third of debt due this year. "There will have to be a reckoning," said Stephen ... would go sour, leading to a drag on growth, Green said. Tianjin saw its economic growth cool to 10.6 per cent in the first quarter from the same period last year, and from 17.4 per cent ...

  10. News - Hong Kong - DEVELOPMENT

    Speed of construction is draw of the mainland for Hong Kong architects

    Posted Jul 03rd 2014, 03:26am by SHIRLEY ZHAO

    ... Kong, home to 90 per cent of its current projects, Ho says the mainland is a growing market for local designers. "Hong Kong designers are still very popular on the mainland, ...




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