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  1. Minister pitches for wider property tax

    Posted Oct 28th 2011, 12:00am

    ... originally applied only to property transactions completed after January, local media said. From this month, owners of 3,600 luxury homes in Chongqing will have to pay annual taxes of up to 1.2 per ... in property market speculation, Wang said. Taxing luxury properties rather than cheaper homes could lead to development of public housing for low- income earners, he said. At the same session, ...

  2. Home Ownership Scheme will not undermine property market

    Posted Dec 09th 2009, 12:00am by Staff Reporter

    ... I wish to express my dissatisfaction with the government's erroneous housing policy. The chief executive said that only the prices of luxury properties were sky high and this would not affect the average home buyers. However, he has not considered the displacement effect. The would-be luxury home buyers are displaced by very rich foreign or speculative buyers who can pay more. ...

  3. Should suspected human rights violators be allowed to own property in Hong Kong?

    Posted May 20th 2009, 12:00am by Anthea Wong, Ronald Ling

    ... freedom of speech. We care about human rights. For the sake of our reputation, the government should not allow human rights violators to own any property here. Robert Mugabe, the president of Zimbabwe, reportedly bought a luxury apartment in Tai Po recently. He was ranked as the seventh-worst dictator in the world by Parade magazine. He intimidated opposing political parties. His ...

  4. Property and shares tax reforms could have helped the poor

    Posted Oct 18th 2007, 12:00am by Staff Reporter

    ... more to help the poor. To begin with, Hong Kong does not get any tax revenue from profits made through the sale of shares and property. These transactions form the main source of income for the wealthy in Hong Kong. Why does the government not tax income generated from the stock and property markets? These taxes would be much less controversial than a sales tax since the poor would ...

  5. Home ownership a vanishing dream for the middle class

    Posted Mar 17th 2010, 12:00am by Staff Reporter

    ... Despite the economic problems we have experienced in the past year, the prices of luxury properties have been rising. Hong Kong has always been an attractive destination for wealthy ... in the luxury market would not have any effect on the mass market. He later changed tack and expressed concern at the escalation of luxury property prices. In last month's budget speech, Financial ...

  6. Comment - Insight & Opinion - LEADER

    Wealth tax idea worthy of debate

    Posted Mar 03rd 2013, 12:00am by SCMP Editorial

    ... a lot of thought is going into how to close the income gap, the contrast with Singapore springs to mind. The city-state budget that taxed the owners of luxury properties also doubled spending ... a widening income gap, a problem we share. But it has prompted property and tax experts to say it would not work in Hong Kong because our residential property market is different. And if that were ...

  7. What's being said on facebook.com/southchinamorningpost

    Posted Jul 18th 2012, 12:00am

    ... most bullish, particularly women: Letitia Wong- HK women buy properties too as investment. One of my aunties has bought over a dozen luxurious properties in HK and a couple of overseas properties in the US and UK over the past three decades. She might not be highly educated but she is financially savvy. More savvy than the so-called financial professionals. Sam Ho- This could ...

  8. Comment - Insight & Opinion

    Bad idea to survey mainlanders on why they buy Hong Kong property

    Posted Sep 30th 2012, 12:00am by Jake Van Der Kamp

    ... Marco Wu Moon-hoi Long-Term Housing Strategy Steering Committee SCMP, September 24 I like that bit about genuine needs. The only mainland property buyers whose genuine needs could possibly ... for us but put unnecessary strain on our economy, was changed in October 2010 to exclude property from the list of qualifying investments. They still allowed everyone on the application list ...

  9. Last frontier of luxury retail: small-town India

    Posted Oct 25th 2011, 12:00am

    ... Amrit Dhillon The evidence was staring them in the face. But it has taken the global luxury brands a long time to realise just how much money is tucked away behind the grime, ugliness ... that one out of every four new luxury outlets is opening in a small town. Names such as Mont Blanc, Hermes, Burberry, Audi and BMW are moving to small towns to enjoy first-mover advantage ...

  10. News - Hong Kong - SOCIETY

    Property heir Gigi Chao has laugh over father's bounty on her heart

    Posted Sep 27th 2012, 12:00am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Property heir has laugh over bounty on her heart Gigi Chao, the daughter of property tycoon Cecil Chao Sze-tsung, said she thought the HK$500 million marriage bounty offered by her father to find her a husband was "quite entertaining". Speaking in a light-hearted tone, Chao told the Post: "He [her father] has an interesting ...




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