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  1. Affordable housing tests Beijing's mettle

    Posted Mar 15th 2011, 12:00am by Staff Reporter

    ... a target of 10 million, which raises the question of how it can possibly achieve it, given that it lacks direct control over most spending on the affordable housing programme. Beijing's answer ... affluence has to be seen against the background of urbanisation. Counting migrants and new entrants to the workforce, more than 20 million people a year need new, affordable housing in addition ...

  2. More public housing the key to affordable property

    Posted Feb 02nd 2011, 12:00am by Albert Chen, Albert Cheng

    ... called the 'gold standard' for assessing housing affordability, says the city's homes are 'severely unaffordable'. According to Demographia's international housing affordability survey, Hong Kong has the most unaffordable housing compared with major metropolitan areas in the US, Britain, Australia, Canada, Ireland and New Zealand. The study rates housing ...

  3. Take HK housing affordability surveys with a big pinch of salt

    Posted Feb 01st 2011, 12:00am by Tom Holland

    ... with Tom Holland For the past week, the news pages of the South China Morning Post have been peppered with stories about how Hong Kong has the least affordable housing market in the world. ... headlines, readers should take these affordability surveys with a hefty pinch of salt. That is not to say Hong Kong property is cheap. Far from it. Housing in Hong Kong is eye-wateringly expensive. ...

  4. Pledge to build 10m cheap homes

    Posted Mar 10th 2011, 12:00am by Ed Zhang

    ... affordable homes. However, despite public scepticism about the government's ability to deliver on its affordable housing programme, Qi insisted the provision of subsidised housing would surpass ... the mainland's affordable housing programme would cover 20 per cent of urban households, compared to less than 8 per cent at present, he added. The government claims that nearly 90 per cent ...

  5. Thousands more poised to join queue for public rental flats

    Posted Mar 01st 2011, 12:00am by Paggie Leung

    ... Paggie Leung The government is proposing to raise the income cap used for means-testing low-income families applying to rent public housing by an average 15.6 per cent, making an extra 25,000 households eligible. About 131,100 households that do not own private flats would be eligible to apply for public rental housing after the proposed increase, sparking calls ...

  6. Affordable homes

    Posted May 17th 2011, 12:00am

    ... Keith Chan Public Rental Housing is a key scheme pioneered by Chongqing to provide affordable homes for the middle to lower income groups. The mainland has been providing cheap homes ... month. Under the plan, Chongqing agreed to build 13 million square metres of Public Rental Housing each year from 2010 to 2012. The goal is to provide 40 million square metres of housing ...

  7. Local officials urged to implement price-control policies for housing

    Posted Mar 15th 2011, 12:00am by Celine Sun

    ... affordable housing programme covers several schemes, including subsidised rental flats, government-owned rental flats, market flats with price caps and relocation flats for residents of slums in old ... Celine Sun Premier Wen Jiabao urged local officials to play their part in curbing rocketing housing prices and implement tightening policies launched by the central government. ...

  8. Displaced villagers can't afford to build anew

    Posted Aug 19th 2011, 12:00am

    ... with the mainland cannot afford to build homes on a site bought with their compensation money. After buying the 188,000 sq ft piece of land in Pat Heung for about HK$18 million- a big chunk of which went ... that they could move into their new homes before the winter. The villagers are to name the place Tsoi Yuen Tsuen, where they intend to build eco-friendly houses and return to farming vegetables. However, ...

  9. Affordable luxury

    Posted Oct 12th 2011, 12:00am

    ... Pete Spurrier Offering affordable inspiration for elegant European living since opening in 1995, Sol y Luna has worked on the premise that you shouldn't have to pay extortionate ... of the world's best craftsmanship. 'We offer discerning buyers, from professional designers to end-user clients, exquisite furniture and lighting at affordable prices,' says marketing manager ...

  10. Beijing opens public housing to migrants

    Posted Oct 21st 2011, 12:00am

    ... or social welfare. The other two types of subsidised housing- economically affordable housing and fixed-price housing- are also reserved for Beijing residents with hukou. From December 1, both ... Ed Zhang in Beijing Migrants will be among the beneficiaries of a public housing scheme for low-income groups launched by the Beijing municipal government. It is the first time migrants ...




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