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  • September 15, 2014
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  1. Private property safer, but public ownership upheld

    Posted Oct 15th 2003, 12:00am by Staff Reporter

    ... The importance of private property may be one of the most significant legacies of a meeting of the Communist Party's senior leadership that ended yesterday. 'We should protect all kinds of property ownership and private property as well,' China Central Television quoted President Hu Jintao as saying. However, the third plenum of the 16th party congress also ...

  2. Urban renewal hits brick wall

    Posted Dec 30th 2003, 12:00am by Carrie Chan, Chloe Lai

    ... a higher awareness on the issue and come up with a consensus. There is still no consensus that maintenance is the responsibility of property owners. Many people still think it is the government's job,' he said. The preferred option in the paper is to encourage property management firms to offer a 'one-stop service', including both management and maintenance, to make ...

  3. Obey my rent ruling, judge tells authority

    Posted Aug 13th 2003, 12:00am by Chloe Lai

    ... He criticises housing body for arguing he gave it discretion over rent review The judge who last month found the Housing Authority had breached its statutory duty by not regularly reviewing rents yesterday ordered it to comply with his ruling and carry ou ...

  4. Retired dim sum worker savours a sweet victory

    Posted Jul 12th 2003, 12:00am by Staff Reporter

    ... Retired dim sum worker Ho Choi-wan hopes she may soon be able to give her nine grandchildren a treat if the Housing Authority heeds yesterday's court ruling and cuts public housing rents. It was probably one of the proudest moments in Ms Ho's li ...

  5. Retail property prices near 1997 levels

    Posted Dec 10th 2003, 12:00am by Peggy Sito

    ... Peggy Sito Sales prices for shops along main streets have almost returned to levels seen during the 1997 property peak, suggesting the retail property sector is picking up strongly. ... suggest early signs of a recovering market for retail property. According to Centaline Property Agency, 2,179 properties changed hands in the first 11 months- the highest volume since 1997. ...

  6. SFC may allow property investment trusts to hold overseas assets

    Posted Nov 17th 2003, 12:00am by Enoch Yiu

    ... to hold overseas properties, according to a source close to the agency. The commission has already appointed six people to form a working group which will hold a meeting before the end ... are funds which hold a pool of rental properties with set incomes. In July, the SFC introduced rules allowing the introduction of reits in Hong Kong covering assets such as car parks, shopping ...

  7. Weighty provisions to push Kerry Properties into red

    Posted Sep 08th 2003, 12:00am by Peggy Sito

    ... Analysts see a brighter outlook despite an estimated $700 million interim loss Heavy property provisions will probably force Kerry Properties to report a net loss of more than $700 million for the six months to June, its first loss since listing in 1996. But analysts said the company should see a brighter outlook in the medium term in anticipation of an improving Hong Kong property ...

  8. Property transactions forecast to top 7,500

    Posted Jul 29th 2003, 12:00am by Peggy Sito

    ... Property transactions registered this month are expected to reach more than 7,500, the highest monthly volume this year, according to property agents. Sales in the primary and secondary ... Centaline Property Agency said total transaction values were expected to grow 21.6 per cent to $14 billion this month, compared with $11.51 billion achieved last month. Nearly 1,000 apartments ...

  9. Poll finds property managers on rise

    Posted Aug 19th 2003, 12:00am by Staff Reporter

    ... The property management sector expanded quickly after 2000, with the number of employees rising by more than 40 per cent by the end of last year, a survey has revealed. The Real Estate Training Board of the Vocational Training Council interviewed 1,024 property service companies in January to evaluate the industry's manpower situation last year. Companies interviewed ...

  10. Visitors give property a boost

    Posted Aug 27th 2003, 12:00am by Staff Reporter

    ... Individual mainland tourists are lifting the market, even though few are buying The influx of individual mainland tourists to Hong Kong has stabilised the property market even though few are actually buying properties, according to Cheung Kong (Holdings) sales manager William Kwok. Mr Kwok said the increase in tourist traffic had benefited tourism-related industries, such as hotels ...




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