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  • September 18, 2014
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  1. News - Hong Kong - HOUSING

    Watchdog urged to investigate building maintenance bid-rigging

    Posted Aug 28th 2014, 04:56am by TIMMY SUNG

    ... Timmy Sung timmy.sung@scmp.com Watchdog urged to probe bid-rigging The competition watchdog was urged yesterday to investigate bid rigging in building maintenance projects to protect ... crack down on unscrupulous firms colluding to raise prices for building maintenance and renovations. The group, which staged a demonstration outside the commission's office in Wan Chai, ...

    http://www.scmp.com/news/hong-kong/article/1581282/watchdog-urged-investigate-building-maintenance-bid-rigging
  2. Property - Hong Kong & China - HOUSING

    Supply of Hong Kong flats below HK$3m drops

    Posted Sep 16th 2014, 11:27am by Sandy Li

    ... according to an agent at Wealth Property. She said there is a 400 sq ft flat at the 40-year-old Tak Yan Lau building on Tai Pa Street, just across from the Tsuen Wan Plaza shopping centre, being ... The building has no lift. Another is a 450 sq ft flat at Good View Building on Heung Wo Street, Tsuen Wan, being offered for HK$3 million, she said. For these old properties, she said buyers could only ...

    http://www.scmp.com/property/hong-kong-china/article/1593176/supply-hong-kong-flats-below-hk3m-drops
  3. Property - Hong Kong & China - HOUSING

    Grand Sun proposes trust fund to build affordable homes for young

    Posted May 28th 2014, 05:08am by Sandy Li

    ... it announced plans to cooperate with young people to build affordable homes for them. Sun Tianyuan, a director at Grand Sun, said he wanted to do something about soaring home prices that put flats ... and most of them stayed and worked in the city. Cooperative schemes earmarked to build affordable homes for young people also raise concerns as there is no regulation to protect such investors. ...

    http://www.scmp.com/property/hong-kong-china/article/1520045/grand-sun-proposes-trust-fund-build-affordable-homes-young
  4. News - Hong Kong - HOUSING

    100,000 children’s families in queue for public rental flats

    Posted Aug 25th 2014, 05:31am by Patsy Moy

    ... in such a poor environment. Sze said the government should be trying to build 35,000 public rental flats a year. Leung has set a target to build some 20,000 public rental units a year over the next 10 ...

    http://www.scmp.com/news/hong-kong/article/1580445/100000-children-queue-public-rental-flats
  5. News - Hong Kong - HOUSING

    Key housing committee warns over rent controls, building on country parks

    Posted Feb 17th 2014, 05:40pm by NG KANG-CHUNG

    ... for “subdivided flats” – and advised against using country park land for building homes. In its report released on Monday, the Long-term Housing Strategy Steering Committee also warns against offering ...

    http://www.scmp.com/news/hong-kong/article/1429647/government-advisers-not-keen-rent-controls-or-building-homes-country
  6. Property - Hong Kong & China - HOUSING

    Hong Kong to see surge in tiny flats as demand remains strong

    Posted Jul 29th 2014, 04:08pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Demand for ever-smaller homes remains strong due to cheaper prices, with developers expected to build increasing numbers of shoe-box flats HK to see surge ... "Building more small flats will become a trend, as they are sought after by younger home seekers and long-term investors," said Patrick Chow Moon-kit, head of research at Ricacorp Properties. ...

    http://www.scmp.com/property/hong-kong-china/article/1561853/trend-towards-tinier-flats-seen-prices-rents-rise
  7. News - Hong Kong - HOUSING

    High management fees likely for single-block developments, say property specialists

    Posted Jul 25th 2014, 03:42am by Olga Wong

    ... trend towards single-block flat developments as a result of the government's aggressive hunt for building land is likely to push up management fees for buyers of both private and subsidised ... "I'm afraid the fee will escalate to HK$3,000 with inflation and ageing of the building." The fee is close to the monthly payment of HK$2,500 on a 25-year mortgage and, at about HK$4.20 ...

    http://www.scmp.com/news/hong-kong/article/1558541/high-management-fees-likely-single-block-developments-say-property
  8. News - Hong Kong - HOUSING

    Plans for flats on two Tai Po sites rejected

    Posted Jul 10th 2014, 04:30am by BRIAN YAP, Olga Wong

    ... of public flats. Only the plan to build 4,860 homes in the largely undeveloped Tai Po area 9, in the northeast of the district, received general acceptance. Proposed residential blocks in Chung Nga ... forward the idea of building public flats at Tai Po area 9 in 2008, but the government rejected it, preferring to allocate part of the site for the development of a private hospital. Plans ...

    http://www.scmp.com/news/hong-kong/article/1550583/plans-flats-two-tai-po-sites-rejected
  9. News - Hong Kong - HOUSING

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

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

    ... The committee's report also expressed concern about the slow rate of building new public housing, and echoed the audit report's call for a higher 10-year target of 470,000 flats for new public ...

    http://www.scmp.com/news/hong-kong/article/1550584/24-sites-reserved-public-housing-sold-developers-says-report
  10. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

    Posted Jul 03rd 2014, 03:26am by Olga Wong

    ... The authority is facing a growing financial burden as the government pushes it to build 200,000 public rental flats in the next decade, a problem made worse by rocketing construction costs. The cost of building a public flat has jumped from HK$700,000 to HK$1 million, housing minister Professor Anthony Cheung Bing-leung said last month. He warned that the authority's policy of paying for new ...

    http://www.scmp.com/news/hong-kong/article/1545118/housing-authority-set-increase-rents-public-flats-10-cent

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