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  1. Housing in Beijing less affordable than world standards

    Posted Dec 23rd 2006, 12:00am by Staff Reporter

    ... Irene Wang Housing in Beijing is much less affordable than international standards, with an ever-widening gap between home prices and incomes, according to a survey. Beijing-based real estate agency Home Link Group says the ratio between house prices and local incomes- a key indicator of affordability- is 9.4:1, compared to 3:1 in the United States and 4:1 in Japan. Before Hong ...

  2. How it works

    Posted Mar 10th 2006, 12:00am by Staff Reporter

    ... Current rent calculation Takes into account inflation, wage movements, estate running costs, Housing Authority finances and tenants' affordability based on a median rent-to-income ... and CSSA households from the calculation of income; remove rates and management fees from rent calculation; and use new adjustment reference, such as consumer price index, excluding housing cost, ...

  3. Why it pays to end the rents deadlock

    Posted Jun 05th 2006, 12:00am by Anthony Cheung

    ... housing- keeping it affordable. A new approach to setting rents should not be condemned as a guise for rent increases- as some critics suspect- if it remains a revenue-neutral scheme. But many ... Anthony Cheung The Housing Authority's public consultation on the rent policy review comes to an end this week. Its objectives include adopting a more flexible system of setting rents ...

  4. First step in bid to raise housing rents

    Posted Mar 10th 2006, 12:00am by May Chan

    ... a tenant can afford. Earlier amendments to the Housing Ordinance, which came into effect in 1998, limited public housing rents to 10 per cent of tenants' median household income. In 2002, ... was made to raise rents, and the 10 per cent median income-to-rent ratio was not a statutory definition of affordability. Secretary for Housing, Planning and Lands Michael Suen Ming-yeung, chairman ...

  5. Housing rent bill heads to Legco

    Posted Sep 07th 2006, 12:00am by Chloe Lai

    ... Chloe Lai Lawmakers are assured that they will have a say on the contentious amendment A bill to amend the Housing Ordinance to eliminate the controversial clause that caps public housing rent will be ready for Legislative Council scrutiny early next year, a housing official said yesterday. But the official told a media briefing that the Housing Department had not decided ...

  6. More talks urged on public housing rents

    Posted Jun 09th 2006, 12:00am by Staff Reporter

    ... Dikky Sinn The Civic Party has urged the government to extend its consultation period on public housing rents to allow more discussion on its proposed rent-adjustment system. Party ... income, rather than the two indices proposed by the government, since income was the major factor that affected affordability. If the government is to introduce the rent adjustment mechanism, ...

  7. Watchmaker makes complication more affordable

    Posted Sep 15th 2006, 12:00am by Staff Reporter

    ... Swiss watchmaker Jaeger-LeCoultre has come up with a steel version of its new Master Tourbillon at a relatively affordable HK$318,000. Housing the complication in non-precious metal ... affordable tourbillons, too? 'That's a good question,' Mr Lambert said. 'JLC is unique in integration and technological prowess. To compete with that quality is a very big ...

  8. Ban imposed on land for luxury housing

    Posted Jun 01st 2006, 12:00am by Josephine Ma

    ... at boosting the supply of affordable housing and curbing soaring property prices. In addition to the ban on land for villas, the new directive orders local governments to strictly follow approved ... to the building of low-cost and affordable housing. Shu Kexin, a ministry deputy department head, rejected claims that competition among developers at land auctions was the main factor behind soaring ...

  9. Pay-per-view rent scheme under fire

    Posted Mar 18th 2006, 12:00am by Staff Reporter

    ... Ng Kang-chung A proposal to charge higher-than-normal rents to public housing tenants living on upper floors or in flats with views has been criticised as discriminatory. Members of the Legislative Council's housing panel also accused the Housing Authority of using the review as an excuse to increase rents for the 600,000 families in public housing. The proposal is part ...

  10. Evicted tenants vow to seek better compensation

    Posted Feb 28th 2006, 12:00am by Staff Reporter

    ... Robin Kwong Judicial review to be considered in San Po Kong row About 40 protesting tenants were peacefully evicted from the San Po Kong Industrial Estate yesterday as Housing Authority ... a sit-in protest, were removed from the site by about 150 Housing Authority staff in a two-hour operation that also sealed the 90 units rented by the tenants. Ho Shing, owner of Shun Li Steel ...




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