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  • November 29, 2014
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  1. The market knows best on housing supply

    Posted Jul 03rd 2003, 12:00am by Jake Van Der Kamp

    ... Tien Pei-chun saying the economy will stay in the doldrums unless prices go up by at least 50 per cent. They agree, however, that we should freeze land supply and this is where they could apply some thought. Let us look at the historical record on what has happened when government intervened in the market either to boost low property prices by reducing the supply of flats or to reduce ...

  2. But does supply really matter?

    Posted Oct 08th 2003, 12:00am by Staff Reporter

    ... saying there was insufficient housing supply then and rushed into buying flats,' he said. 'A lot of analysts who say oversupply is a problem to property prices actually have not experienced a boom. They did not see what was happening before 1997.' Mr Lam said housing supply fell short of demand as the government suspended land sales. Increasing domestic demand alone ...

  3. Plans for new towns put on hold

    Posted Jul 16th 2003, 12:00am by Sophia Wong

    ... The government has delayed three new town developments, targeted to house a total of 340,000 people by 2011, in an attempt to ease excess housing supply. A Planning Department spokesman ... 'Housing demand in urban areas might not be equal to that in the New Territories.' He said the government had to review the land supply policy to avoid flooding the market. 'Bear in mind ...

  4. KCRC offers to hand back property rights

    Posted Jul 29th 2003, 12:00am by Denise Tsang, Peggy Sito, Sandy Li

    ... efforts to boost the battered housing market. The move allows the government to tighten its grip on land and housing supply but also increases pressure on the other Hong Kong rail operator, ... not relinquish property development rights. 'Our property-based business model has served Hong Kong well in the last 28 years,' she said. 'The housing supply from MTRC represents less than ...

  5. Home shortage drives rush for The Orchards

    Posted Sep 17th 2003, 12:00am by Peggy Sito

    ... Peggy Sito A lack of housing supply in Island East seen as factor behind Quarry Bay sales Torrential rains did not stop house-hunters from arriving in their hundreds to view a newly ... has a private balcony with sweeping views of the surroundings. Estate agents expected a good sales response for the project considering the shortage of new housing supply in Island East ...

  6. SHKP signals support for resumption of land sales

    Posted Oct 03rd 2003, 12:00am by Peggy Sito

    ... in order to bring housing supply and demand into balance as soon as possible. New World Development chairman Cheng Yu-tung and Wharf (Holdings) assistant director Ricky Wong Kwong-yiu support the association's view. The government is expected to announce new measures to prop up the fragile housing market this month. It has estimated 79,000 new units will be completed in the next three to four ...

  7. UK homes plan no cure for rising prices, critics say

    Posted Aug 27th 2003, 12:00am by Richard Warren

    ... climbing. 'Despite continuing house price rises, the supply of new homes has remained broadly static for a decade,' said Peter Williams, deputy director general at the Council of Mortgage Lenders. 'There would need to be a huge increase in housing supply to really make a difference to the number of transactions and the stability of house prices. 'A major reduction ...

  8. Expats needed to plug gap in population forecasts

    Posted Nov 27th 2003, 12:00am by Staff Reporter

    ... the 8.7 million projected by the Census and Statistics Department in May last year. The latest projection will assist long-term planning on housing supply. Paul Yip Siu-fai, a senior statistics ...

  9. Property squeeze warning

    Posted Oct 27th 2003, 12:00am by Staff Reporter

    ... The recent measures introduced into the property market by the government will have little positive effect on public confidence. The government's attempt to squeeze the supply will fail since there are many sources of supply for housing units. The government fails to recognise that as the availability of land is limited, it is the price and movement, not the quantity, ...

  10. Shanghai housing investment surges in heated market

    Posted Nov 12th 2003, 12:00am by Bill Savadove

    ... by the authorities to cool the luxury residential market. City officials said the tight supply of housing has started to ease. Property investment rose 17 per cent year on year to 77 billion yuan (HK$72.38 ... no value for these sales. It cited statistics showing that the supply of residential housing has started to exceed demand for the first time this year because of a large rise in the completion ...




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