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  • July 29, 2014
  • Last updated: 11:16am
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  1. Business - Property - PROPERTY

    New rules crack down on misleading flat marketing

    Posted Apr 29th 2013, 12:00am by Yvonne Liu, Sandy Li

    ... regulations covering the sale of homes. The Residential Properties (First-hand Sales) Ordinance takes effect today and aims to shield buyers from dishonest sales practices. Developers who contravene the regulations are liable to imprisonment for up to seven years and a fine of up to HK$5 million. Under the ordinance, property agents and the media may also be liable to face criminal charges ...

  2. Property - Hong Kong & China

    Nothing to see here: Cheung Kong stands by 'no viewing' policy for tiny Hong Kong flats

    Posted Jul 24th 2014, 10:55pm by Sandy Li

    ... accusing the company of violating a law designed to prevent such requests. Cheung Kong said in a statement that "the personal safety of those prospective buyers will be endangered" ... criticised the company's sales arrangement as "a serious departure" from the spirit of legislation protecting home buyers. The demand could be "seriously harming the interests ...

  3. Property - Hong Kong & China - HOME SALES

    Many keen to buy flats they can't view, as big crowd at Mont Vert sales office shows

    Posted Jul 20th 2014, 06:06am by Toh Han Shih

    ... but that was a separate matter from whether Cheung Kong broke the law, said Poon. Cheung Kong may have violated the Residential Properties (First-hand Sales) Ordinance, said Poon. The law requires developers ... but that is not a good defence," Poon said, adding that it was within Cheung Kong's control to enable prospective buyers to view the Phase 1 flats because the company could have halted construction ...

  4. Property - Hong Kong & China - BRICKS & MORTAR

    Cheung Kong executive proved right as homebuyers' sentiment turns

    Posted Jul 21st 2014, 11:23am by Peggy Sito

    ... flats of its Mont Vert project in Tai Po even though there is talk in the market that the developer may have violated the Residential Properties (First-hand Sales) Ordinance by not allowing prospective buyers to see the flats. Chiu said the company had not broken the law and suggested that people refrain from buying at Mont Vert if they did not feel comfortable with the sales ...

  5. Property - Hong Kong & China

    Developer defends legality of selling new flats without advance viewing

    Posted Jul 19th 2014, 12:25am

    ... The company was adamant that it would not change the sales arrangement for the Mont Vert residential project in Tai Po, which requires people interested in buying a flat to sign a "no-viewing ... director at Cheung Kong, said the company was complying with the law by being transparent about the lack of available flats to show. "Those who believe we do not supply sufficient information ...

  6. Property - Hong Kong & China - HOUSING

    Tai Po apartment project sells 400 Mont Vert units in first day despite 'no viewing' rule

    Posted Jul 27th 2014, 05:26am by Langi Chiang

    ... to determine the order of priority for prospective buyers, who exceeded 10,000. A spokeswoman for the developer, which is controlled by Asia's richest man, Li Ka-shing, said the company was happy ... of the company's clients upgrading to three- bedroom flats purchased adjacent open studios under a package deal offered by Cheung Kong. Midland Realty estimated that investors accounted for about 20 per ...

  7. Business - Companies - COMPANIES

    Swire chief eyes property, aviation shifts

    Posted Jul 28th 2014, 04:26am by NICK EDWARDS

    ... Nick Edwards nick.edwards@scmp.com Slosar says earnings from housing sales have reached cyclical peak while airline business faces global challenge as cargo sector struggles Swire chief eyes shifts in aviation, property Swire Pacific's core property ...

  8. Business - Property - THE VIEW

    Hong Kong needs to think out of the box on rents

    Posted Jul 28th 2014, 04:26am by Peter Guy

    ... Kong flogs its flats as if they are performing a public service. The company's no-viewing restrictions over the flats may not be illegal, but they are shamelessly unethical, more worthy ...

  9. Property - International - CONCRETE ANALYSIS

    Heavier taxes on homes held in companies make London hotels an attractive option

    Posted Jun 10th 2014, 11:22am by JAMES INNES

    ... James Innes property.post@scmp.com Prospects for London hotels look good, with limited stock and growing disparity between new room supply and demand Higher company taxes make hotels attractive option Overseas investors in London's residential market face higher taxes for homes held in a company and uncertainty on future policy. For those still wishing to hold London ...

  10. Property - Hong Kong & China

    Wharf sees property downturn as a short-term blip

    Posted Jul 26th 2014, 01:38am by Peggy Sito

    ... of 1.2 per cent. "We do not worry too much about proposals to cut the number of individual travellers from the mainland. We are still fine," Ng said. He said the company was also ...




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