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  • July 11, 2014
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  1. Business - Comment - JAKE'S VIEW

    Housing Authority must raise public housing rents or run out of money

    Posted Jul 08th 2014, 12:45am by Jake Van Der Kamp

    ... Jake van der Kamp Housing Authority will run out of money if it continues building flats without raising rents that are already among the lowest in urban world High time we stopped paying this rent Professor Raymond So Wai-man, who chairs the Housing Authority's finance committee, said it may need to ask for more funding as its coffers will have dwindled to HK$28.2 billion ...

    http://www.scmp.com/business/article/1549258/housing-authority-must-raise-public-housing-rents-or-run-out-money
  2. Property - Hong Kong & China

    Developers expected to slash house prices to ease housing inventory oversupply

    Posted Jul 03rd 2014, 02:08am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Rising housing inventory and sluggish sales are expected to force the hand of property firms needing to clear stock amid slump, analysts say Mainland ... that a year earlier, consultancy E-House (China) said. It was up 40 per cent to 12.7 months in second-tier cities, mainly provincial capitals. In the eastern port city of Qingdao, it now takes as long ...

    http://www.scmp.com/property/hong-kong-china/article/1545108/developers-expected-slash-house-prices-ease-housing
  3. News - Hong Kong - HOUSING

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

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

    ... Jennifer Ngo jennifer.ngo@scmp.com Public housing land sold to developers: report Despite long queues for public housing and a shortage of land, 24 plots of land originally reserved for public housing were returned to the government between 2001 and 2013 and eventually sold to developers or converted to other uses. A report released by the Legislative Council Public Accounts ...

    http://www.scmp.com/news/hong-kong/article/1550584/24-sites-reserved-public-housing-sold-developers-says-report
  4. Property - International

    London house prices seen falling as BOE acts to cool market

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in London Prices ease in London as BOE curbs risks London house prices rose at their slowest pace in 15 months last month and values are expected to fall as Bank of England (BOE) ... see declines than increases and is the weakest reading since May 2012. London has led the surge in British house prices in the past year, prompting central bank officials to announce measures ...

    http://www.scmp.com/property/international/article/1551494/london-house-prices-seen-falling-boe-acts-cool-market
  5. News - World - SECURITY

    White House orders review of racial and religious bias in security agencies

    Posted Jul 11th 2014, 12:04am by GDN

    ... Agencies in New York and Washington White House tells security agencies racial or religious bias 'unacceptable' Muslim 'slurs' prompt spying review The White House has ... 2002 and 2008. None has been charged with a crime. White House spokeswoman Caitlin Hayden said the administration took the accusations of the slurs extremely seriously. "Upon learning ...

    http://www.scmp.com/news/world/article/1551459/white-house-orders-review-racial-and-religious-bias-security-agencies
  6. Property - Hong Kong & China

    Rise in housing prices renews debate on affordability

    Posted Jul 11th 2014, 01:31am by Peggy Sito

    ... on wealth Housing affordability is back in focus as property prices in the city show signs of picking up. According to BNP Paribas, indicators of housing affordability are stretched as household ... of households in private housing, is about 14- the level last seen before the onset of the Asian financial crisis. Some analysts say this measure does not reflect the wealth in the market. They believe ...

    http://www.scmp.com/property/hong-kong-china/article/1551496/rise-housing-prices-renews-debate-affordability
  7. Magazines - 48hrs - FILM

    Art House: Amadeus

    Posted Jul 09th 2014, 10:31pm by SEAN TIERNEY

    ... Text: Sean Tierney Miloš Forman's Amadeus (1984) stars Tom Hulce and F. Murray Abraham. The actors' biggest roles until then had been supporting ones: Hulce had played a fraternity pledge in National Lampoon's Animal House, while Abraham was a mid-level drug dealer in Brian De Palma's brutal remake of Scarface, starring Al Pacino. These are not the usual ...

    http://www.scmp.com/magazines/48hrs/article/1549605/art-house-amadeus
  8. News - China - HUMAN RIGHTS

    Tibetan writer placed under house arrest 'over dinner invite from John Kerry's delegation'

    Posted Jul 09th 2014, 12:58pm by AP

    ... Associated Press in Beijing Rights advocate believes her acceptance of a meeting with the US delegation visiting China was the cause of couple's house arrest A well-known Tibetan writer said today that she and her husband have been placed under house arrest in Beijing as China plays host to US State Secretary John Kerry for the latest round of US-China talks. Tsering ...

    http://www.scmp.com/news/china/article/1550271/tibetan-writer-placed-under-house-arrest-over-dinner-invite-us-official
  9. Business - Money - MARKETS

    Hong Kong fund houses bypass brokers as fund size hits HK$16 trillion

    Posted Jul 09th 2014, 05:19am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Fund houses pass brokers as managed assets grow The number of fund houses in Hong Kong surpassed the number of brokerage firms in May as the size of locally ... very important." At the end of May, the number of licensed fund houses stood at 978, up 3 per cent from the end of last year, compared with 969 licensed securities brokerages, up 1.25 per ...

    http://www.scmp.com/business/money/markets-investing/article/1549931/hong-kong-fund-houses-bypass-brokers-fund-size-hits
  10. Comment - Insight & Opinion

    Tenants should pay fair share for public housing

    Posted Jul 08th 2014, 04:32am by SCMP Editorial

    ... SCMP Editorial Fair shares in public housing Public housing is made for low income earners. That it is heavily subsidised by public funds means it should be managed with fiscal prudence. ... With the adjustment tied to household income, a rent increase becomes inevitable as the economy continues to grow. A Housing Authority survey found that household income had increased 19 per cent over ...

    http://www.scmp.com/comment/insight-opinion/article/1549234/tenants-should-pay-fair-share-public-housing

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