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  • August 29, 2014
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  1. Housing chief defends cut-price flats sale

    Posted Feb 11th 2004, 12:00am by Chloe Lai

    ... for the government but left unsold to help stabilise property prices was not sold back to its developers too cheaply, the housing chief insisted yesterday. Secretary for Housing, Planning and Lands Michael ... However, Mr Suen said the deal meant the Housing Authority- which under the original scheme guaranteed to buy back all units at a pre-set price to sell them as subsidised housing- would save $1.9 ...

  2. Higher prices slow luxury sales

    Posted Mar 30th 2005, 12:00am by Staff Reporter

    ... Ernest Kong Marketing strategies of developers in less prestigious locations to blame as owners ask for more Owners of prestigious residential properties are raising their asking prices- their confidence boosted by aggressively priced new projects in non-traditional luxury areas. According to Ricacorp Properties, only 17 residential transactions valued at more than $50 million have been ...

  3. Ex-housing chief asked for vague job outline

    Posted May 10th 2009, 12:00am by Staff Reporter

    ... If not, I can be affirmative. Thirdly, did I follow the government's procedures?' The Hung Hom housing estate was sold in 2004 for barely half the asking price to a consortium including ... Fanny W. Y. Fung Former housing director Leung Chin-man suggested to his post- retirement employer New World China Land that it be vague in public about his job description to provide ...

  4. Chongqing launches huge public housing programme

    Posted Apr 07th 2010, 12:00am by Sandy Li

    ... Sandy Li in Chongqing With mainland property prices surging beyond the reach of many aspiring buyers, Chongqing hopes to lure disgruntled home seekers with a massive government-subsidised housing project. Sprawled along the banks of the Yangtze river in Sichuan province, Chongqing, along with Chengdu, was given Special Economic Zone (SEZ) powers in 1997 to accelerate its ...

  5. Regal bides its time to cash in on price rises

    Posted Nov 17th 2004, 12:00am by Kenneth Ko

    ... for the remaining houses at its Regalia Bay development in Stanley to take advantage of an expected rise in prices. Since it was launched last year, the project has seen increasing interest from end-users and investors, and prices have risen steadily. The company's executive director, Donald Fan Tung, said 95 houses had been sold since last year's launch, generating proceeds of more than $4 ...

  6. Developer snaps up Elizabeth House

    Posted Oct 25th 2004, 12:00am by Staff Reporter

    ... a large number of retail property transactions in the short term, arguing buyers will blanch at the high prices sellers are now seeking. The acquisition of Elizabeth House is expected ... Kelvin Wong Kowloon Development pays $1.34b for Causeway Bay icon Kowloon Development has agreed to buy Elizabeth House in Causeway Bay for $1.34 billion, as the property investment firm ...

  7. Ex-housing chief shocked officials didn't consider Hung Hom deal

    Posted Aug 16th 2008, 12:00am by Staff Reporter

    ... Cheung Chi-fai Former buildings and housing chief Leung Chin-man expressed shock early today that the government had not considered his role in the controversial sale of a Hung Hom housing ... price. New World China Land is a New World Development subsidiary. In a statement, Mr Leung said he would not take legal action against the government over the impact of its 'inappropriate ...

  8. Cathay pilots narrowly reject deal to cut housing allowances

    Posted Feb 29th 2004, 12:00am by Simon Parry

    ... Cathay Pacific pilots have thrown out a deal that would have seen housing allowances of up to $58,000 a month, given to expatriate staff, slashed by nearly 15 per cent. They voted narrowly ... a deal on housing allowances have been 'left on the table' while the two parties move on to discuss other issues, including rostering, according to a union source speaking yesterday. ...

  9. Luxury projects push rents to new high

    Posted Sep 22nd 2004, 12:00am by Sandy Li

    ... which range in size from 2,322 square feet to 2,388 sqft, are from $96,000 a month ($41 per sqft), while the 4,050 sqft penthouse is pitched at $248,000 a month ($61 per sqft). Prices ...

  10. Developers to build luxury flats on estate they bought for knock-down price

    Posted Mar 19th 2004, 12:00am by Denise Tsang

    ... Denise Tsang The controversial Hunghom Peninsula housing estate will be torn down and replaced with luxury apartments- at a total cost of about $5 billion, the developers announced ... ft. The developers bought the project back from the government last month for $2.77 billion, or $1,800 per sq ft, including a land premium of $864 million. Lawmakers attacked the price ...




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