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  • July 11, 2014
  • Last updated: 2:00pm
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  1. News - Hong Kong - HOUSING

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

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

    ... spent around HK$209 million from 2011 to 2013 on site formation and reclamation of land that was ultimately returned to the government, and development costs were written off. ...

  2. Property - Hong Kong & China - HOUSING

    Positive sentiment bodes well for upcoming launches of new homes

    Posted Jul 08th 2014, 02:59pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Rising second-hand residential values help boost demand and prospects for developers' launches HK price rebound set to benefit upcoming projects ... by Wheelock, New World Development and MTR Corp, more than 500 units were sold for a total of about HK$10 billion in the past 16 days. Wong said market response remains positive, and that would benefit ...

  3. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

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

    ... increase of almost 10 per cent, if an authority committee approves the plan tomorrow. A government source says the authority's deficit for this financial year will be slashed from HK$1.7 billion to HK$900 million if the plan is endorsed by independent members of the subsidised housing committee. But the deficit will rise to HK$2.1 billion if members vote to waive one month's ...

  4. News - Hong Kong - HOUSING

    Lawmakers call for study into return of rent controls to protect tenants

    Posted Jul 08th 2014, 03:42am by Olga Wong

    ... controls in Hong Kong- which ended in 1998- covered mainly older properties and those with a rateable value of less than HK$30,000.   ...

  5. News - Hong Kong - HOUSING

    An open-and-shut case? Not for some homebuyers

    Posted Jun 30th 2014, 05:06am by Olga Wong

    ... tried hard to wade through the 111-page sales brochure before signing a deal for nearly HK$8 million for the flat in tower one of Trinity Towers with her newly wedded husband in April. She gave ... A flat of about 1,400 sq ft in tower 16 was sold for HK$13.76 million last year. Wong Kwok-hing, who chairs the Legislative Council housing panel, said: "The way developers present ...

  6. News - Hong Kong - HOUSING

    300 buyers compete per flat in Lantau scheme

    Posted Jun 25th 2014, 04:49am by Olga Wong

    ... size is about 480 sq ft and they are priced between HK$640,000 and HK$900,000- 70 per cent of the market rate. "The prices are too attractive. They are even less than the down payment ... well off to qualify for public flats. For the Tai O project, sales are limited to those with monthly incomes of no more than HK$22,000 for a single buyer and HK$40,000 for a household.   ...

  7. News - Hong Kong - HOUSING

    Public-flat funding 'no longer works'

    Posted Jun 13th 2014, 04:48am by FANNY WF FUNG

    ... to be completed between 2017 and 2019, will together provide a total of 8,728 flats. The construction cost of each flat is estimated at between HK$1.03 million and HK$1.67 million. After deducting deficits for building and operating non-profitable car parks for residents, the net surplus generated from the sale of each of these flats will be only HK$5,300 on average- nowhere near enough ...

  8. Property - Hong Kong & China - HOUSING

    Gap between used home prices in Beijing, Shanghai continues to narrow

    Posted Jun 17th 2014, 03:06pm by Langi Chiang

    ... most important housing markets, the SCMP-CTC index shows. The average asking price for used homes fell 0.3 per cent from April to 42,145 yuan (HK$53,100) per square metre in Beijing. ...

  9. 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

    ... to 100 square metres in size, located near subway stations, and within a budget of 1 million yuan (HK$1.24 million) to 1.5 million yuan. Under current rules, prospective homebuyers must pay ...

  10. Property - Hong Kong & China - HOUSING

    Proposed easing of stamp duty isn’t helping sales, property agencies say

    Posted May 20th 2014, 03:03pm by Sandy Li

    ... ranging from 5,199 square feet to 5,409 sq ft, are expected to fetch between HK$350 million and HK$370 million each. Tendering will close on June 27 at noon. In the secondary market, owners see ...




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