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  • September 20, 2014
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  1. Business - Companies - PROPERTY

    Chinese Estates to sell two properties to Joseph Lau

    Posted Sep 02nd 2014, 10:12am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Joseph Lau to buy two projects from Chinese Estates Chinese Estates will sell to beleaguered proprietor Joseph Lau Luen-hung two major properties in Hong Kong and Macau for up to HK$16.3 billion in a bid to remove uncertainties hanging over the company from its legal tussle with the Macau government. As part of this deal, Lau will buy a wholly owned ...

    http://www.scmp.com/business/companies/article/1583497/chinese-estates-sell-la-scala-assets-hk14b
  2. News - China - PROPERTY

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

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

    ... 2007 and September 2008. The Hong Kong company said Jingda refused its repeated attempts to enter the project to manage its legally acquired properties, and when the matter could ... its legal rights over the 133 villas". The local authorities later mediated a deal between the two parties and on September 27, 2010, Socam and Jingda signed a resolution ...

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

    Luxury homes taken off the market as big-ticket buyers refuse to pay top prices

    Posted Aug 04th 2014, 03:38am by Sandy Li

    ... Developers offering projects for public sale were required to publish the price list three days ahead of the official sale date, with the procedure repeated whenever the selling price was changed, he ...

    http://www.scmp.com/property/hong-kong-china/article/1565762/tender-flops-point-cooling-luxury-home-sector-hong-kong
  4. News - Hong Kong - PROPERTY

    June 4 museum in legal threat ahead of opening

    Posted Apr 07th 2014, 04:54am by JEFFIE LAM

    ... Jeffie Lam jeffie.lam@scmp.com June 4 museum in legal threat ahead of opening The group behind the world's first museum dedicated to the Tiananmen Square crackdown- due to open ... to take legal action. Alliance chairman Lee Cheuk-yan said they would be sending representatives. "The museum could only cater to tens of visitors at a time and we believe it would not cause ...

    http://www.scmp.com/news/hong-kong/article/1466519/june-4-museum-legal-threat-ahead-opening
  5. News - Hong Kong - PROPERTY

    New battle looms on property duty rises

    Posted Feb 24th 2014, 04:45am by FANNY W. Y. FUNG

    ... in principle as a way to curb property speculation. Democrat James To Kun-sun, who failed in a bid to amend the buyers' stamp duty bill to require such a vetting procedure last week, said his ... procedure on any increase in the special buyers' stamp duty, he said the case of double stamp duty was another story. "The two bills differ in nature and have different functions," ...

    http://www.scmp.com/news/hong-kong/article/1433886/new-battle-looms-property-duty-rises
  6. News - Hong Kong - PROPERTY

    Outdated licensing law 'behind New Territories land disputes'

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

    ... spend lots of money on refurbishing and maintaining a property only to be kicked out because they have no legal ownership rights." Last month, a Canadian-Chinese man told the South China ... will lapse and cancellation will proceed in accordance with the applicable procedures". But "immediate family members can apply for transfer of a GLL" and the relevant District Lands ...

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

    Legco set to vote for year-old stamp duty rise

    Posted Feb 18th 2014, 05:11am by TANNA CHONG AND OLGA WONG

    ... is a procedural injustice. The government should include the latest changes in the bill, and not destroy the legislative mechanism by simply making a verbal promise," Professional Commons lawmaker ... of the bill," To said. "What are the grounds for the change? What is the legality of making the policy change through a policy commitment?" he asked. Under the bill, foreign and corporate ...

    http://www.scmp.com/news/hong-kong/article/1429836/legco-set-vote-year-old-stamp-duty-rise
  8. Business - Property - PROPERTY

    Apex Horizon compensation hopes dashed

    Posted May 15th 2013, 12:00am by Sandy Li, Yvonne Liu

    ... a project involving a group of small investors. To do this legally, Cheung Kong must seek approval for promotional documents and ensure they disclose all investment features and risks before any ... It will offer buyers HK$10,000 in legal and other expenses. However, more than 27 buyers who resold their properties to a third party through confirmor transactions might suffer more losses than other ...

    http://www.scmp.com/business/article/1237834/apex-compensation-hopes-dashed
  9. News - Hong Kong - PROPERTY

    Retiree left homeless after being locked out of his Sai Kung house by strangers

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

    ... as the estate's personal representative. The District Lands Office in Sai Kung said it was following up on the case according to "applicable procedures", but said the licence ...

    http://www.scmp.com/news/hong-kong/article/1443055/retiree-left-homeless-after-being-locked-out-his-sai-kung-house
  10. Property - Hong Kong & China - PROPERTY

    Ningbo developer fails under weight of HK$4.4b debt

    Posted Mar 18th 2014, 01:13am by BLOOM

    ... to the officials, who asked not to be named. The company's majority shareholder and his son, its legal representative, have been detained and face charges of illegal fundraising, the officials said. ...

    http://www.scmp.com/property/hong-kong-china/article/1451162/ningbo-developer-fails-under-weight-hk44b-debt

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