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  1. Finding a solution to the heated market

    Posted Jun 19th 2010, 12:00am by Peggy Sito, Sandy Li, Yvonne Liu

    ... for solutions to make housing more affordable for both the poor and the growing middle class. Many academics and housing experts propose a dramatic increase of subsidised public rental housing for low- and middle-income people. Meanwhile, the central government and many cities have launched programmes to build low-cost housing for purchase. At the same time, Beijing is instituting policies aimed ...

  2. Shanty towns are no place to call home

    Posted Jun 11th 2010, 12:00am by Sandy Li

    ... rise to 40 degrees Celsius. 'We can't stand the stink and heat so we stay outdoors until midnight and the house cools,' she said. 'Even the rats and cockroaches come out to take a breath of fresh air.' Wang and her family are one of an estimated 10 million on the mainland that are deprived of decent housing. Beijing has pledged to build up to three million ...

  3. Young couples priced out of home market

    Posted Sep 22nd 2010, 12:00am by Yvonne Liu

    ... Low-income families are being left behind in the battle to buy their own homes as soaring house prices push the cost of public and subsidised flats beyond their reach. The story of Ann ... something half a year ago,' she said. The couple had hoped to buy a flat in a private housing estate with a budget of HK$300,000 as a down payment, she said. 'We had also applied to buy ...

  4. Rent-to-buy housing plan on Tsang's agenda

    Posted Sep 16th 2010, 12:00am by Gary Cheung, Paggie Leung

    ... Gary Cheung and Paggie Leung Chief Executive Donald Tsang Yam-kuen is expected to unveil next month a new subsidised-housing plan under which people will be able to rent to buy, with rent ... (HOS), be aimed at people earning too much to qualify for public housing and too little to afford to buy a flat. The proposal came to light two days before the end of a public consultation ...

  5. Lawmaker blasts bureau over failed application for Old HouseLawmaker blasts bureau on Old House

    Posted Sep 20th 2010, 12:00am by Joyce Ng

    ... Frederick Fung Kin-kee said the Development Bureau failed to give reasons for rejecting his group's proposal, the only one shortlisted in the final round for the Old House at Wong Uk Village, Sha Tin. The Hakka house was one of five sites in the second round of the scheme. The bureau, in announcing the results of the applications last week, said it decided to leave the site ...

  6. Minister admits feeling pressure on home prices

    Posted Mar 09th 2010, 12:00am by Raymond Li

    ... Raymond Li The central government has admitted it is under enormous pressure to rein in housing prices in the next two decades amid concerns that the high prices could lead to social instability. Housing and Urban-Rural Development Minister Jiang Weixin said yesterday that a combination of rapid urbanisation and industrialisation as well as limited land supplies in the next 20 ...

  7. For millions of mainlanders, climbing the ladder to home ownership is just a dream

    Posted Jun 10th 2010, 12:00am by Peggy Sito

    ... to a new housing affluence across the country. But on the ground, prosperity is far less uniform. With real estate prices soaring, millions are left to live in shanties. While Beijing promises ... sales. As the poor are left behind, the middle class complains that home prices are increasingly out of reach. Meanwhile, the rich buy second and third houses and leave them vacant. ...

  8. In Brief

    Posted Jun 08th 2010, 12:00am by Staff Reporter

    ... Review for estate advisers' work Lawmakers will review next year the work of a team advising public housing estate residents on the purchase of their flats. More than 117,000, or higher than 60 per cent, of targeted flats have been sold. ...

  9. Exco member says HOS has been demonised

    Posted Jun 11th 2010, 12:00am by Paggie Leung

    ... Paggie Leung Executive councillor and Housing Authority committee chief Professor Anthony Cheung Bing-leung yesterday defended the role of the Home Ownership Scheme and said many people had demonised the programme in recent debate about subsidising home ownership. Speaking at the authority's annual open meeting, the chairman of the subsidised housing committee said ...

  10. No concrete measures to rein in rising house prices

    Posted Mar 06th 2010, 12:00am by Staff Reporter

    ... Yu Aitong Soaring housing prices in the past year have made home ownership a more distant dream for most mainlanders and Premier Wen Jiabao's work report yesterday did little to address their hopes for fresh, concrete measures to rein in the boom. Wen said the central government would 'resolutely curb the precipitous rise of housing prices in some cities and satisfy ...




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