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  • September 18, 2014
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  1. Sichuan capital in U-turn on its home sales policy

    Posted Nov 24th 2011, 12:00am

    ... relax its home restriction policy in the next two years. The granting and registration of housing ownership certificates normally starts two years after the pre-sale of a residence. On Monday, ... Peggy Sito peggy.sito@scmp.com Less than two weeks after announcing an easing of home purchase procedures, Chengdu, the capital of Sichuan province, has done an about-face, and reverted ...

  2. Kingsford Terrace sale still under discussion

    Posted Jun 10th 2004, 12:00am by Chloe Lai

    ... of the Home Ownership Scheme estates left in limbo by the suspension of subsidised-housing sales in November 2002. A source close to the talks said there was a 30 per cent difference between ...

  3. Lessons to be learned from a cut-price sale

    Posted Feb 11th 2004, 12:00am by Staff Reporter

    ... By the time the project was ready, however, housing policy had been reversed. Restricting the supply of property had become the priority and the Home Ownership Scheme had been effectively scrapped. ... The problem, however, arises out of the government's efforts to get its housing policies back on the right course. The ditching of the Home Ownership Scheme in 2002 was part of an attempt ...

  4. Flat brochures must give full details: official

    Posted Jul 04th 2006, 12:00am by Dennis Eng

    ... Dennis Eng Sales brochures for new homes need to clearly inform potential buyers of all relevant aspects of a purchase and include updated pricing information, an official said yesterday. Permanent Secretary for Housing, Planning and Lands Thomas Chan Chun-yuen said sales brochures for new properties, especially uncompleted flats, should accurately detail the saleable area, including ...

  5. Loophole on flat prices to be closed

    Posted Jul 27th 2011, 12:00am

    ... was not listed in the sale and purchase agreement of the flat. Annette Lee Lai-yee, deputy secretary for transport and housing, said the government had noted the case. She said that under the Lands ... the legislation is in place, we will be able to deal with them clearly,' she said. Lee said the steering committee looking at the sale of new flats had preliminarily agreed developers should make ...

  6. Scandals, suspension and sales

    Posted Oct 05th 2007, 12:00am by Staff Reporter

    ... 1978 Home Ownership Scheme launched to provide low-cost accommodation for less well-off families 1999 Piling scandals shatter buyers' confidence in quality of flats built under scheme ... 10-month sales ban to help shore up private property market 2002 Indefinite halt announced to HOS under package to shore up private market 2006 Authority decides to sell from 2007 onwards some ...

  7. New World to be paid $1.4b in flats buy-back

    Posted Jun 16th 2004, 12:00am by Martin Wong

    ... to the developer broke down. The Housing Authority now faces the dilemma of what to do with the flats in Kingsford Terrace, Ngau Chi Wan, sales of which were blocked when the Home Ownership Scheme (HOS) was mothballed in 2002. The deal comes as a row continues to rage over the 'cut-price' sale of another former HOS project, the Hunghom Peninsula, to a consortium of New World and Sun Hung Kai ...

  8. Vote on demolition probe is delayed

    Posted Dec 09th 2004, 12:00am by Ambrose Leung, Klaudia Lee

    ... relevant parties. The controversial decision to knock down seven never-occupied blocks of flats, built under the home ownership scheme, came after the government halted their sale to prop up ...

  9. Government to see $3.3b profit from deal on new staff quarters

    Posted Jun 08th 2004, 12:00am by Staff Reporter

    ... The departmental officers will move to the four estates under the Home Ownership Scheme (HOS). The government will pay the Housing Authority $2.75 billion for the Kwai Chung and Yau Tong blocks. ... of Housing Tam Wing-pong said the 15 sites, once vacated, would become available for sale. 'The majority of existing departmental quarters are sub-standard, therefore they will be demolished ...

  10. Housing Authority looks for ways to avoid cash crunch

    Posted Feb 21st 2004, 12:00am by Staff Reporter

    ... and the freezing of sales of Home Ownership Scheme flats. But with the listing of the first phase of a scheme to sell its car parks and shopping centres - the proceeds of which are estimated at $16.1 ... With rent cuts and sales of flats halted, its balance could pass $8.7b crisis level Delaying repayments and dividends to the government might save the Hong Kong's Housing Authority ...




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