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  • July 29, 2014
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  1. News - Hong Kong - PROPERTY

    Outdated licensing law 'behind New Territories land disputes'

    Posted Mar 08th 2014, 02:49am by Ernest Kao

    ... Ernest Kao ernest.kao@scmp.com Experts want government to review licensing law and its lax enforcement, saying it has led to misuse of land and adverse possession claims Outdated policy ... is debatable as the licences are, by law, not transferable and are to be cancelled immediately upon a licensee's death to prevent misuse of the land. But Lee said that without mandatory checks ...

    http://www.scmp.com/news/hong-kong/article/1443058/outdated-licensing-law-behind-new-territories-land-disputes
  2. News - Hong Kong - PROPERTY

    No plans to ditch property speculation cooling measures, says Carrie Lam

    Posted May 13th 2014, 03:51am by Gary Cheung, Peggy Sito and Ng Kang-chung

    ... with legislators that is holding up the law. The concession would make it easier for eligible home buyers to get a refund of the punitive duty. It comes after some lawmakers considering the law in a bills ... year bill. The government introduced the double stamp duty plan early last year in the wake of renewed signs of exuberance in the property market. Under the law, buyers of properties costing ...

    http://www.scmp.com/news/hong-kong/article/1510974/government-may-offer-concession-double-stamp-duty-break-legal
  3. News - Hong Kong - PROPERTY

    Legco gets more control over double stamp duty property-cooling measure

    Posted May 28th 2014, 02:22pm by Tanna Chong

    ... February last year but a bill that will formally make it law is still going through the Legislative Council. Like most indirect taxes, it is subject to so-called negative vetting, meaning lawmakers ...

    http://www.scmp.com/news/hong-kong/article/1520311/legco-gets-more-control-over-double-stamp-duty-property-cooling
  4. Business - Property - PROPERTY

    Hong Kong homebuyers hail 'honest' sales law

    Posted Apr 30th 2013, 12:00am by Paggie Leung, Joyce Ng

    ... Paggie Leung and Joyce Ng But some customers still trying to get used to new way of presenting saleable areas of flats Home buyers hail 'honest' sales law Homebuyers have embraced a new law requiring developers to promote sales in a more transparent and honest way, although some said the provisions, which came into effect yesterday, were still unfamiliar. ...

    http://www.scmp.com/business/article/1226215/homebuyers-hail-honest-sales-law
  5. Property - Hong Kong & China - PROPERTY

    Swire sold 16 Dunbar Place flats in week after 'saleable area' law started

    Posted May 08th 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Doubling of stamp duty for non-permanent residents has bigger impact, says chief Swire sold 16 units soon after'saleable area' law took effect Swire ... was preparing marketing material for other residential projects to comply with the new law. Sales of homes have dropped since the government imposed a series of new property-related taxes, including ...

    http://www.scmp.com/property/hong-kong-china/article/1232632/swire-sold-16-dunbar-place-flats-week-after-saleable-area
  6. News - Hong Kong - PROPERTY

    New property law forbids publishing of unofficial price quotes

    Posted Apr 20th 2013, 12:00am by Joyce Ng, Johnny Tam

    ... Joyce Ng and Johnny Tam It'll soon be a crime to publish such information from developers who want to test the market New law forbids unofficial price quotes Media outlets have been advised against a long-standing practice of quoting "market sources" from developers who want to test the water for new projects, as they might be criminally liable under the new law ...

    http://www.scmp.com/news/hong-kong/article/1218652/new-property-law-forbids-publishing-unofficial-price-quotes
  7. Business - Companies - PROPERTY

    Scramble for sales precedes new law

    Posted Apr 18th 2013, 12:00am by Sandy Li

    ... precedes new law Cheung Kong is offering additional sweeteners, on top of a price cut last month, to try to offload the remaining units at its Lai Chi Kok residential project. The move indicates the developer's eagerness to clear its stockpile before a new law takes effect on April 29, tightening rules on sales practices for new flats. Prices of homes at One West Kowloon were cut by an average ...

    http://www.scmp.com/business/companies/article/1217033/scramble-sales-precedes-new-law
  8. News - Hong Kong - PROPERTY

    Probe into 39 Conduit Road luxury flat sales ends

    Posted Mar 13th 2014, 03:15am by Jennifer Ngo

    ... compensation. The buyers were shell companies registered in the British Virgin Islands, represented by the same law firm. Police raided the company and a law firm on July 14, 2010, after much public ...

    http://www.scmp.com/news/hong-kong/article/1447286/probe-39-conduit-road-luxury-flat-sales-ends
  9. Property - Hong Kong & China - PROPERTY

    Fosun plans Sichuan trade centre

    Posted Mar 31st 2014, 05:21am by Peggy Sito

    ... moderately, in accordance with the law, and promote public-private partnership to attract private capital for urban infrastructure construction. The trading and logistics centre is one of the concepts ...

    http://www.scmp.com/property/hong-kong-china/article/1461188/fosun-plans-sichaun-trade-centre
  10. News - Hong Kong - PROPERTY

    Home sales confusion looms ahead of new law

    Posted Mar 20th 2013, 12:00am by Joyce Ng

    ... Joyce Ng joyce.ng@scmp.com With developers issuing multiple brochures for the same projects before the new law kicks in, some homebuyers could also be at a disadvantage Home sales confusion looms The new law on flat sales may end up confusing buyers when it comes into force next month, as developers put out multiple brochures for the same projects. Preparations are in full ...

    http://www.scmp.com/news/hong-kong/article/1194914/home-sales-confusion-looms

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