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  • August 21, 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 - AUDITING

    Mainland authorities to conduct audit of local government land sales

    Posted Aug 18th 2014, 10:58am by Jeanny Yu

    ... it said. The audit’s targets would include the proceeds of land sales between 2008 and last year, as well as the enforcement of laws related to land expropriation, reserves and supply ...

    http://www.scmp.com/property/hong-kong-china/article/1575929/mainland-authorities-conduct-audit-local-government-land
  4. Property - Hong Kong & China - PROPERTY

    China property policies undergoing renovation

    Posted Aug 18th 2014, 03:56am by Langi Chiang

    ... the formulation of a law based on the trials has begun. Jia Kang, a top tax adviser at a Ministry of Finance think tank, told a recent forum that the property tax law could be approved and imposed by 2017 ...

    http://www.scmp.com/property/hong-kong-china/article/1575688/china-property-policies-undergoing-renovation
  5. Property - Hong Kong & China - C-SUITE

    Hysan's Lau Siu-chuen remains optimistic despite challenges

    Posted Aug 20th 2014, 05:21am by Yvonne Liu

    ... the growth in retail sales would slow two years ago? Hong Kong's retail sales had maintained rapid growth since 2003. The growth would normalise some day. It is a law of nature. We also saw ...

    http://www.scmp.com/property/hong-kong-china/article/1577044/hysans-lau-siu-chuen-remains-optimistic-despite-challenges
  6. News - China - PROPERTY

    Developer Socam rejects Beijing Jingda's writ accusing it of document theft

    Posted Aug 14th 2014, 03:04am by Sandy Li

    ... Socam, and that Socam had never possessed any of such documents," it said in a company statement yesterday. Socam said that it lawfully acquired the 133 villas in the project between June ...

    http://www.scmp.com/news/china/article/1573078/developer-socam-rejects-beijing-jingdas-writ-accusing-it-document-theft
  7. Property - Hong Kong & China - C-SUITE

    Real estate investor’s unbroken record of profitable projects

    Posted Aug 12th 2014, 12:04pm by Peggy Sito

    ... That makes our work more interesting even though we deal with real estate every day. We have also noticed that the law cannot protect you all the time. We have learned to be very careful when we ...

    http://www.scmp.com/property/hong-kong-china/article/1571332/real-estate-investors-unbroken-record-profitable-projects
  8. Property - Hong Kong & China - PROPERTY

    Government not serious about lower home prices, developer says

    Posted Aug 08th 2014, 11:21am by Langi Chiang

    ... to other cities this year. The new leadership pledged earlier this year to speed up efforts to draft and pass a law on property tax. That is taken by some experts as a sign that Xi is not happy ... no action in the future." But Gu Yunchang, a senior adviser to the Ministry of Housing and Urban-Rural Development, said he expected the law to take longer to be approved. In Jia's ...

    http://www.scmp.com/property/hong-kong-china/article/1569027/government-not-serious-about-lower-home-prices-developer
  9. 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
  10. 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

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