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

    Law to affirm double stamp duty passed, 17 months after levy came in

    Posted Jul 16th 2014, 04:15am by PHILE SIU, Ada Lee

    ... Phila Siu and Ada Lee The extra tax, which has been levied on almost all property purchases since early last year, voted into law before Legco’s summer break Doubling of stamp duty at last ... with the passage of the law. Secretary for Financial Services and the Treasury Professor Chan Ka-keung said he was happy the legislation had finally passed. He said it would be reviewed in the next 12 ...

    http://www.scmp.com/news/hong-kong/article/1555049/law-affirm-double-stamp-duty-passed-17-months-after-levy-came
  2. Property - Hong Kong & China - REAL ESTATE

    Property market jitters possible amid uncertainty over law to double stamp duty

    Posted Jul 14th 2014, 04:25am by Peggy Sito, Sandy Li

    ... Peggy Sito and Sandy Li Uncertainty over legislation risks weakening market confidence, warn industry observers Stamp duty law delay unlikely to benefit owners Property owners are set ... to the government until it is enshrined in law. "If the bill cannot be passed this year, this will not have any practical impact on the market," said Cusson Leung, head of property research ...

    http://www.scmp.com/property/hong-kong-china/article/1553619/property-market-jitters-possible-amid-uncertainty-over-law
  3. Property - Hong Kong & China - HOME SALES

    Many keen to buy flats they can't view, as big crowd at Mont Vert sales office shows

    Posted Jul 20th 2014, 06:06am by Toh Han Shih

    ... the Hong Kong Economic Journal reported. Sales begin on July 26. Whether the firm violated the law in not allowing prospective buyers to see the flats seemed to have had little effect ... but that was a separate matter from whether Cheung Kong broke the law, said Poon. Cheung Kong may have violated the Residential Properties (First-hand Sales) Ordinance, said Poon. The law requires developers ...

    http://www.scmp.com/property/hong-kong-china/article/1556676/many-keen-buy-flats-they-cant-view-big-crowd-mont-vert
  4. Property - Hong Kong & China

    Developer defends legality of selling new flats without advance viewing

    Posted Jul 19th 2014, 12:25am

    ... Post Reporters The builder of Hong Kong's cheapest new flats says circumstances make it OK to sell them without the advance viewing usually required by law Sight-unseen flats are legal: Developer Hong Kong's largest developer, Cheung Kong, defended its decision to prohibit prospective buyers from viewing flats in a new development, saying it did not break the law ...

    http://www.scmp.com/property/hong-kong-china/article/1556589/developer-defends-legality-selling-new-flats-without
  5. Property - Hong Kong & China

    Nothing to see here: Cheung Kong stands by 'no viewing' policy for tiny Hong Kong flats

    Posted Jul 24th 2014, 10:55pm by Sandy Li

    ... accusing the company of violating a law designed to prevent such requests. Cheung Kong said in a statement that "the personal safety of those prospective buyers will be endangered" ... richest man, is a Hong Kong-listed company that is the city's largest developer by market value. The company has insisted that it is not breaching the law and plans to proceed with a sale ...

    http://www.scmp.com/property/hong-kong-china/article/1558445/ins-and-outs-cheung-kongs-no-viewing-clause-mont-vert-flats
  6. Property - Hong Kong & China - BRICKS & MORTAR

    Cheung Kong executive proved right as homebuyers' sentiment turns

    Posted Jul 21st 2014, 11:23am by Peggy Sito

    ... prospective buyers to see the flats. Chiu said the company had not broken the law and suggested that people refrain from buying at Mont Vert if they did not feel comfortable with the sales ...

    http://www.scmp.com/property/hong-kong-china/article/1556955/cheung-kong-executive-proved-right-homebuyers-sentiment
  7. Property - Comment - JAKE'S VIEW

    Hong Kong's simple answer to its industrial land space puzzle

    Posted Jul 03rd 2014, 02:06am by Jake Van Der Kamp

    ... be put to purely industrial uses. I don't blame the CFA. That was what the law said and our top judges had to go with the law. Nor would it be easy for government to change this law. It goes ...

    http://www.scmp.com/property/article/1545172/hong-kongs-simple-answer-its-industrial-land-space-puzzle
  8. Property - Hong Kong & China

    Midland calls for investigation into shareholder

    Posted Jun 27th 2014, 01:05am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Developer asks 'law enforcement agency' to probe remarks made by Apex Benchmark Midland calls for investigationinto shareholder Midland Holdings has asked a "law enforcement agency" to investigate Apex Benchmark for "bad mouthing" the firm, escalating a war of words between the family of Freddie Wong Kin-yip who heads ...

    http://www.scmp.com/property/hong-kong-china/article/1541295/midland-calls-investigation-shareholder
  9. Property - Hong Kong & China - Tax

    As China drafts property tax law, fate of pilot programme up in the air

    Posted Mar 11th 2014, 02:29pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Confusion over trial property tax The mainland has started drafting a property tax law, but analysts are not sure whether it means a pilot programme ... Congress, told reporters on Sunday that the government "is drafting the [property tax] law and will submit it for approval when the time is ripe". That relieved some industry figures, ...

    http://www.scmp.com/property/hong-kong-china/article/1446030/china-drafts-property-tax-law-fate-pilot-programme-air
  10. Property - Hong Kong & China

    Mainland golf courses demolished amid Beijing crackdown

    Posted Jun 30th 2014, 01:41am by Reuters

    ... have never seen developers and local governments use 'golf course' as a project name or for land use purposes when seeking approval," said Zhu, a partner at the Zhong Lun law ...

    http://www.scmp.com/property/hong-kong-china/article/1543253/mainland-golf-courses-demolished-amid-beijing-crackdown

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