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  • September 19, 2014
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  1. News - Hong Kong - DEVELOPMENT

    Loophole puts noodle shop at risk

    Posted Sep 11th 2014, 04:49am by FANNY FUNG

    ... the change in ownership structure with the Land Registry, thus meeting the 10 per cent requirement. The company filed an application to the Lands Tribunal two weeks ago for the compulsory purchase ... Bureau to clarify whether it was allowed. But Lai Sun Group senior vice-president Julian Poon Yui-man maintained that his company was doing everything within the law. "We combined the small ...

    http://www.scmp.com/news/hong-kong/article/1589626/loophole-puts-noodle-shop-risk
  2. News - Hong Kong - DEVELOPMENT

    Plan to build flats on site earmarked for Science Park growth put on hold

    Posted Sep 06th 2014, 05:02am by FANNY FUNG

    ... an increase in traffic, opponents from the technology sector said a fourth phase of the Science Park would allow a cluster effect among technology companies, which would be beneficial for Hong ... growth until 2018. Soh Chun-kwok, the district planning officer, said the government had other sites for technology companies, citing the planned new towns in Kwu Tung North and Hung Shui Kiu ...

    http://www.scmp.com/news/hong-kong/article/1586166/plan-build-flats-site-earmarked-science-park-growth-put-hold
  3. News - Hong Kong - DEVELOPMENT

    Consortium of Sino Land, Chinese Estates Holdings wins deal to redevelop Kwun Tong

    Posted Sep 02nd 2014, 04:03am by Sandy Li

    ... of 20,000 flats, said Alvin Lam, a director at Midland Surveyors. Lam said it was difficult to estimate the total investment cost as it involved profit-sharing with the URA and requirements ...

    http://www.scmp.com/news/hong-kong/article/1583161/consortium-sino-land-chinese-estates-holdings-wins-deal-redevelop
  4. Property - Hong Kong & China - DEVELOPMENT

    More bidders for big Kwun Tong redevelopment after URA eases terms

    Posted Aug 26th 2014, 11:41pm by Yvonne Liu

    ... billion. "The URA should be able to sell the project this time. If they fail to award the project again, it means their requirement is too high," he said. SHKP deputy managing director ... Cheung Kiu-cho, national director for Greater China at Cushman & Wakefield. "It will take six years to build the podium of the Kwun Tong project. That is a very long development period. ...

    http://www.scmp.com/property/hong-kong-china/article/1581002/more-bidders-big-kwun-tong-redevelopment-after-ura-eases
  5. News - Hong Kong - DEVELOPMENT

    Official in lands row to get new posting

    Posted Aug 08th 2014, 05:28am by Olga Wong, FANNY W. Y. FUNG

    ... a disciplinary process or introduce stricter rules for its staff regarding any personal land investments. Anita Lam Ka-fun, an assistant director at the department who supervises four District Lands ... to the government. The company was closed in 2000. Company Registry records show that the couple now own a company called Luxcon Investment. The Lands Department has not answered the Post 's inquiry ...

    http://www.scmp.com/news/hong-kong/article/1568719/official-lands-row-get-new-posting
  6. News - Hong Kong - DEVELOPMENT

    Third runway decision on hold over dolphin habitat concerns

    Posted Aug 20th 2014, 04:14am by CHEUNG CHI-FAI

    ... to the environmental protection director, who will then decide whether to issue a work permit for the project. A subcommittee member, who wanted to remain anonymous, said members at the meeting "freely ...

    http://www.scmp.com/news/hong-kong/article/1577141/government-advisers-hold-back-giving-nod-third-runway
  7. News - Hong Kong - DEVELOPMENT

    Tung Chung expansion to focus on the east

    Posted Aug 16th 2014, 02:57am by FANNY FUNG

    ... companies to set up offices in order to create more jobs for the new town, the Development Bureau said. "After hearing views from the previous round of consultation, we consider the commercial development needs to reach a certain scale to attract companies," a spokeswoman said. "Business relating to airport services, such as logistics firms, may want to operate in Tung ...

    http://www.scmp.com/news/hong-kong/article/1574407/tung-chung-expansion-focus-east
  8. News - Hong Kong - DEVELOPMENT

    Lands officials not restricted from buying land, rule says amid conflict-of-interest row

    Posted Aug 09th 2014, 04:25am by Olga Wong, FANNY FUNG

    ... internal circular states. The circular obtained by the South China Morning Post was issued on June 12, 2012- the day assistant lands director Anita Lam Ka-fun was promoted from chief estates ... their duties are strongly advised to refrain from making investments in business … that have an interest in property development in Hong Kong. "All directorate officers and some designated posts ...

    http://www.scmp.com/news/hong-kong/article/1569479/lands-row-puts-rules-under-spotlight
  9. News - Hong Kong - DEVELOPMENT

    Declaration of interest row after Lands Department official bought 13 plots

    Posted Aug 07th 2014, 04:25am by FANNY FUNG, Olga Wong

    ... in the district and planned to build four houses there. Lands assistant director Anita Lam Ka-fun and her surveyor husband Thomas Tang Chiu-man bought the 8,274 square metres of agricultural land in Tsing ... and planning director Ling Kar-kan is chairman, approved the application on July 25. Lam had declared her interests and was excused from the discussion during the meeting. But committee member David ...

    http://www.scmp.com/news/hong-kong/article/1567858/row-over-officials-property-deal
  10. Business - Banking & Finance - DEVELOPMENT

    Competing interests between BRICS nations could lead to challenges for new bank: analysts

    Posted Jul 21st 2014, 03:18am by Daniel Ren, Teddy Ng, KRISTINE KWOK

    ... chairman of the board of directors chosen by Brazil. It takes a long time and intense negotiation for such issues to be settled Oliver Rui, finance professor According to a People's Bank ...

    http://www.scmp.com/business/banking-finance/article/1556937/new-brics-bank-face-tough-challenges-analysts-say

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