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  • November 23, 2014
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  1. News - Hong Kong - HOUSING

    2,160 cheap flats to go on sale next month

    Posted Nov 01st 2014, 04:25am by SHIRLEY ZHAO

    ... in the private sector. "White form" applicants for family homes must have an income of no more than HK$46,000 per month and assets of no more than HK$1.01 million. For single applicants, the limits are halved. "If we adopt this income limit, 100 per cent [of 'white form' applicants] can afford the flats," said a source. The sources would not disclose the ratio ...

    http://www.scmp.com/news/hong-kong/article/1629339/2160-cheap-flats-go-sale-next-month
  2. News - Hong Kong - HOUSING

    Call to scrap middle-income housing purchase scheme

    Posted Nov 06th 2012, 12:00am by NG KANG-CHUNG

    ... Ng Kang-chung kcng@scmp.com Plan to help middle-income families own homes by offering them discounts on flats will push up property prices, lawmakers say Call to scrap homes purchase scheme A handful of lawmakers have called for the abolition of a scheme- widely praised last year- aimed at helping middle-income families buy used flats under the home ownership scheme (HOS). ...

    http://www.scmp.com/news/hong-kong/article/1075636/call-scrap-middle-income-housing-purchase-scheme
  3. Property - Hong Kong & China - HOUSING

    Supply of Hong Kong flats below HK$3m drops

    Posted Sep 16th 2014, 11:27am by Sandy Li

    ... offered for HK$2.6 million with leases. She said the unit on the fifth floor has been subdivided into three rooms and now generates a monthly rental income of about HK$8,000 per month. ...

    http://www.scmp.com/property/hong-kong-china/article/1593176/supply-hong-kong-flats-below-hk3m-drops
  4. News - Hong Kong - HOUSING

    100,000 children’s families in queue for public rental flats

    Posted Aug 25th 2014, 05:31am by Patsy Moy

    ... on the waiting list increased from 320,900 in June 2011 to 459,800 last December. The government puts the average waiting time at three years. Many low-income families are meanwhile forced to live ... problems, she added. "The rental on these subdivided flats is as much as HK$4,000 per month, which eats up about 40 per cent of the total household income," Sze said. The average rent ...

    http://www.scmp.com/news/hong-kong/article/1580445/100000-children-queue-public-rental-flats
  5. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

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

    ... the authority's resources?" the source said yesterday. Authority officials review rents every two years and must link rises to the income levels of tenant households, with a maximum rise of 10 per cent. The department found that average incomes among a sample of 24,000 households rose by 19 per cent over the two years since the 2012 review, which saw rents rise by 10 per cent. ...

    http://www.scmp.com/news/hong-kong/article/1545118/housing-authority-set-increase-rents-public-flats-10-cent
  6. News - Hong Kong - HOUSING

    300 buyers compete per flat in Lantau scheme

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

    ... buyers are competing for 34 subsidised flats put up for sale to people whose income is too high to qualify for public rental flats and too low to otherwise afford to buy a home. It means ... 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.   ...

    http://www.scmp.com/news/hong-kong/article/1539828/300-buyers-compete-flat-lantau-scheme
  7. Property - Hong Kong & China - HOUSING

    Positive sentiment bodes well for upcoming launches of new homes

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

    ... income. ...

    http://www.scmp.com/property/hong-kong-china/article/1549581/positive-sentiment-bodes-well-upcoming-launches-new-homes
  8. News - Hong Kong - HOUSING

    'My flat is 30 sq ft and infested with bugs': Poor forced into dismal housing shows need for rent control

    Posted May 04th 2014, 09:11pm by SAMUEL CHAN

    ... Samuel Chan samuel.chan@scmp.com Low-income Hongkongers left vulnerable by complete lack of contracts or high rent increases by landlords, survey finds To Sham Shui Po resident Mr Yeung, ... on low incomes the problem is particularly acute – and is exacerbated by landlords who offer only short-term contracts, or fail to enter any contract whatsoever. In a survey of about 300 ...

    http://www.scmp.com/news/hong-kong/article/1504425/my-flat-30-sq-ft-and-infested-bugs-poor-forced-dismal-housing-shows
  9. Business - China Business - HOUSING

    Vice-Premier Li Keqiang's comments send developers' shares higher

    Posted Dec 01st 2012, 12:00am by JANE CAI, Sandy Li

    ... Sales have also been recovering from the trough at the beginning of the year, suggesting demand from end-users. "The curbs fail to address the problem of uneven income distribution. ...

    http://www.scmp.com/business/china-business/article/1094775/vice-premier-li-keqiangs-comments-send-developers-shares
  10. News - Hong Kong - HOUSING

    Rising rents taking biggest toll on the poor

    Posted Mar 24th 2014, 05:26am by LO WEI

    ... Lo Wei wei.lo@scmp.com Survey finds city's lowest earners spend nearly two-thirds of their income on housing Rising rents taking biggest toll on the poor At 59, Chiu Man-sun has found ... the HK$2,700 he had been paying, Chiu realised his income wouldn't stretch that far, and he began looking for an alternative. "After the rent increase, it took up almost half of my monthly ...

    http://www.scmp.com/news/hong-kong/article/1455649/rising-rents-taking-biggest-toll-poor

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