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  1. Influx of capital, not supply of housing, is driving up prices

    Posted Nov 13th 2009, 12:00am by Staff Reporter

    ... legislators and citizens have asked the government to resume the Home Ownership Scheme, which was suspended in 2002, so that prices can be driven down by increasing the supply of flats. On the face ... the Asian financial crisis of 1997, the government built many housing estates. Tens of thousands of HOS flats were sold every year. At that time, however, property prices were at an all-time high. ...

  2. Supply of new flats lowest in five years

    Posted Jul 25th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Hong Kong may be in recession, but the limited supply of new flats- now at a five-year low- has helped push up residential property prices in the past few months, and they could go higher if the economy improves, experts say. The latest figures from the Transport and Housing Bureau show units available for sale fell 9.26 per cent to 49,000 units at the end of last ...

  3. Capital ratio policy eased to avert supply shortage

    Posted May 13th 2009, 12:00am by Staff Reporter

    ... declined to 9.2 months from 14.8 as of February because of improving sales in March and April. Ms Wong said the new policy on capital could help increase housing supply and prevent a price bubble ... by the government to stimulate development. 'This is a pre-emptive measure to avoid supply becoming unable to meet demand,' said Nicole Wong, the head of Hong Kong and China property research ...

  4. Supply remains low in Sha Tin's luxury sector

    Posted Jun 19th 2009, 12:00am by Staff Reporter

    ... Meanwhile, a 1,964 sqft property at Shatin Knoll was sold for HK$20 million. There is a wide range of properties in the area, from houses more than 20 years old to newer developments in Kau To Shan. But buyers are particularly attracted to semi-detached houses and larger properties of more than 2,000 sqft, and supply of these remains scarce. 'Supply of luxury properties remains low in Kau ...

  5. Building supply boss jailed in bribery case

    Posted Jul 09th 2009, 12:00am by Staff Reporter

    ... building-supply executives- Lawrence Yu Chi-wai, 49, Wong Hung-ki, 57, and Ann Wong Tin-sum, 41- for paying off housing officials. Yu and Wong Hung-ki were each sentenced to five years in prison, while ... Peter Brieger Another building-supply executive has been sent to prison for his role in the high-profile bribery case that has already led to the conviction of Chan Kau-tai, the father ...

  6. Land premium deal may trigger more supply

    Posted Aug 05th 2009, 12:00am by Sandy Li

    ... in the tide for housing supply, say analysts. Cheung Kong reportedly agreed to pay about HK$530 million, or HK$2,050 per square foot, to obtain the right to develop the site adjacent to its completed ... government auction, for HK$305 million. Reflecting the growing imbalance between supply and demand, official data from the Transport and Housing Bureau shows the number of units available for sale ...

  7. Abundant land supply key to mainland property prices

    Posted Nov 18th 2009, 12:00am by Yvonne Liu

    ... years, she forecast. 'Both local and overseas demand for housing in the first-tier cites is strong. The relatively limited supply may not meet that strong demand.' According ... in mind that a plentiful supply of land in the country could have a bearing on the future price performance of property assets. Brokerage CLSA interviewed major players in both the Hong Kong ...

  8. Getting a guaranteed supply of shares in a public offering

    Posted Sep 19th 2009, 12:00am by Shirley Yam

    ... of shares offered by a state-owned enterprise that does nothing sexy but sells pharmaceuticals on the mainland. Wouldn't it be great if someone offered you a guaranteed supply of the sought-after shares? Wouldn't it be even greater if someone offered you a guaranteed 'bigger than usual' supply of every new offering in the coming months? I know of such a lucky guy. ...

  9. NT luxury tower joins premium pricing trend

    Posted Oct 23rd 2009, 12:00am by Peggy Sito

    ... industrialists have lived in the area for years, attracted by the closeness of their factories and the mainland,' said Koh. 'The properties where they live are getting old. The new supply ...

  10. Space urged for activities in public blocks

    Posted Jun 02nd 2009, 12:00am by Staff Reporter

    ... Ng Kang-chung A legislator has asked the Housing Authority to spare one or two floors in public-housing blocks for tenants to hold communal activities. At a meeting yesterday of the Legislative Council housing panel, lawmakers asked for more creative building designs to enhance tenants' quality of life. Legislator Frederick Fung Kin-kee said high-rise public blocks were too ...




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