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  • September 17, 2014
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  1. 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. ...

  2. 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 ...

  3. Comment - Insight & Opinion - LEADER

    Wealth tax idea worthy of debate

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

    ... 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 ... 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 ...

  4. Uncertainty over civil service flats

    Posted Aug 27th 2007, 12:00am by Jimmy Cheung

    ... co-operative housing scheme was launched in 1952 to help housing co-operatives of low-ranking staff build their own residential blocks on government land. But the scheme was dropped in 1980 after ... a luxury complex in Pok Fu Lam. According to the Civil Service Bureau, 238 building societies have been established since 1952. Only 83 remain. The existing societies oversee about 1,600 ...

  5. Time to revisit law and consider minority property owners' rights

    Posted Sep 25th 2011, 12:00am

    ... of dwellings in an ageing residential block an owner must possess in order to trigger the compulsory sale of the remainder, the number of applications for such sales received by the Lands Tribunal has ... of the applications for compulsory land sale orders were made by well-known property developers and property acquisition agencies. It appears that the new law, having operated for almost 18 months, works very ...

  6. 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, ...

  7. Migrant entry initiative brings city HK$36.6b

    Posted Nov 12th 2009, 12:00am by Staff Reporter

    ... cent of overall investment. Immigration consultants said an increasing number of migrant investors had chosen to invest in property, included luxury flats, in the past year. In a written reply ... chose to invest in property had increased from 20 per cent last year to 40 per cent this year. 'Mainland investors are interested in buying a landmark luxury flat such as The Cullinan ...

  8. Serve the housing needs of poor first

    Posted Feb 13th 2012, 12:00am

    ... and a comprehensive system to support retirees. Any attempt to fill the gap, in theory, should be a step in the right direction and welcomed by the community. But a luxurious residential scheme ... government-subsidised housing schemes. Legally speaking, there is nothing to restrict the non-profit-making statutory body from acting like a property developer. It can be argued that the latest project does ...

  9. Home truths

    Posted Nov 02nd 2009, 12:00am by Anthony Cheung

    ... Anthony Cheung Amid calls for a relaunch of the Home Ownership Scheme (HOS) in light of soaring housing prices, triggered partly by runaway prices in the luxury apartment sector, the government has maintained that its 2002 policy to withdraw from the property market remains unchanged- though measures to optimise the second-hand HOS market could be considered. Such a stance ...

  10. Government must meet housing needs of HK's middle class

    Posted Sep 21st 2010, 12:00am by Staff Reporter

    ... The Hong Kong SAR government's recent acts to dampen rapidly escalating property prices are most likely to be fruitless. This is because the measures introduced do not solve the fundamental problem of increasing the supply of housing units demanded by average Hong Kong wage earners. Even if the government increases many-fold the supply of residential sites, ...




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