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  1. Business - Comment - MR. SHANGKONG

    A house is not a home until it becomes affordable

    Posted Mar 04th 2013, 12:00am by George Chen

    ... George Chen Rather than blaming developers, non-local buyers and the US Fed for high property prices, government should focus on how to make HK people rich A house is not a home until it becomes affordable Property prices are one of the hottest topics in Hong Kong these days. Everyone seems to have a strong opinion, although many have lost sight of the real issue. There is nothing ...

  2. Activists to take property protest lying down

    Posted Apr 06th 2011, 12:00am

    ... Joyce Ng Young activists are preparing another rally against property developers, this time at the headquarters of property giant Cheung Kong Holdings. Members of the youth branch of the Civic Party plan to spend three days camping outside Cheung Kong Center in Central, starting on Friday night. Philip Tsang Kin-fung, chairman of Young Civics, said their action was not trying ...

  3. Officials must take care when intervening in property market

    Posted Dec 19th 2010, 12:00am by Staff Reporter

    ... A heated debate followed the government's announcement of measures aimed at curbing property prices. Both sides in the argument have made cogent points. However, the bottom line ... on which this city was built. If the administration acts with a heavy hand it could lead to an economic downturn. A stagnant property market would lead to a reduction in government revenue. Unfair ...

  4. Time to rein in the property market

    Posted Oct 14th 2010, 12:00am by Ronald Ling

    ... Ronald Ling Pak-ki, 20 University of Hong Kong The real estate market enjoyed a rapid boom recently. Property prices are soaring in an irrational way and there are fears that the situation could get out of control. High demand for luxury properties and a shortage of land are driving prices even higher. The public is very concerned about the property market as many middle class ...

  5. Almost half expect property cooling to fail

    Posted Sep 01st 2010, 12:00am by Paggie Leung

    ... Paggie Leung Almost one in two Hongkongers believe the recent government measures to curb property speculation have failed to cool the market, according to a poll. The results of a Liberal ... This would allow them to pay less rent than in the private sector and save for a deposit on their own property. Slightly less than 20 per cent said there should be tougher measures to curb ...

  6. Top officials rely on the property market

    Posted Aug 19th 2010, 12:00am by Staff Reporter

    ... Fanny W.Y. Fung With land prices high in Hong Kong, investing in property appears to be a popular way for top civil servants to store wealth. A search of the latest declarations of interest by the 18 permanent secretaries- the highest-ranking civil servants- found that 12 of them own properties for letting. Some have properties overseas. The officials have to declare ...

  7. Offer for Wheelock Properties approved

    Posted Jun 25th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu Wheelock Properties shareholders voted overwhelmingly in favour of a HK$6.9 billion privatisation offer from its parent Wheelock & Co, controlled by Peter Woo Kwong-ching. In an extraordinary general meeting, 99.92 per cent of independent shareholders approved the HK$13 per share cash bid for the 25 per cent of the company that Wheelock & Co does not own. The offer price ...

  8. Tsang promises fair property market

    Posted Jul 14th 2010, 12:00am by Gary Cheung

    ... Gary Cheung Chief Executive Donald Tsang Yam-kuen promised yesterday to address the problem of unfairness and lack of transparency in property transactions following the controversy ... question-and-answer session, Tsang reiterated that the government would not tolerate any forged property transactions aimed at propping up the market. Responding to Democratic Party lawmaker Fred Li ...

  9. Call to impose tax on property

    Posted Jun 23rd 2010, 12:00am by Peggy Sito

    ... Peggy Sito Beijing should impose a property tax in order to rein in the red-hot real estate market, a government think tank has recommended. The imposition of the levy could reduce local ... property prices and was an important reason for the failure of controls on the property market. The key to changing the situation was a property tax, said the think tank, suggesting a tax ...

  10. 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 ...




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