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  • July 11, 2014
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  1. News - Hong Kong - HOUSING

    24 sites reserved for public housing sold to developers, says report

    Posted Jul 10th 2014, 04:30am by Jennifer Ngo

    ... Committee yesterday- based on the Director of Audit's report released in April- expressed "grave concern and alarm" over the government's "wavering housing policy". "We criticise the decision, especially when the need for public housing is so great," said committee member Alan Leong Ka-kit. According to the audit report, the 24 public housing ...

  2. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

    Posted Jul 03rd 2014, 03:26am by Olga Wong

    ... increase of almost 10 per cent, if an authority committee approves the plan tomorrow. A government source says the authority's deficit for this financial year will be slashed from HK$1.7 billion to HK$900 million if the plan is endorsed by independent members of the subsidised housing committee. But the deficit will rise to HK$2.1 billion if members vote to waive one month's ...

  3. Property - Hong Kong & China - HOUSING

    Experts see lengthy downturn, but no collapse for China's property sector

    Posted Jun 25th 2014, 01:30am by Peggy Sito

    ... or fourth-tier cities," he said. But Chiang does not believe the market will collapse. His views stand in contrast to those of industry figures who take a bearish stance on the housing market. ...

  4. News - Hong Kong - HOUSING

    District council chiefs won't budge on rezoning plans after lunch with CY

    Posted May 24th 2014, 03:00am by Olga Wong

    ... committee head Chan Wai-kwan stood in for them at the lunch but could not be reached for comment last night. Sha Tin district council chairman Ho Hau-cheung said after the lunch yesterday: "We ... could still proceed with Town Planning Board approval. Yesterday, the board's metro planning committee endorsed the rezoning of five open space, green-belt and community sites in Kwai Chung ...

  5. News - China - HOUSING

    Evicted villagers stage mass break-in to seize new Beijing apartments ‘as compensation’

    Posted May 22nd 2014, 12:55pm by Keira Lu Huang

    ... A villager told the Beijing Times he had five new flats coming after his eight-member family agreed to leave in 2008. He's only received two- even though the flats stand ready. As one might ...

  6. Property - Hong Kong & China - HOUSING

    Proposed easing of stamp duty isn’t helping sales, property agencies say

    Posted May 20th 2014, 03:03pm by Sandy Li

    ... it as the start of government moves to lift its market-cooling measures and are standing firm on prices, Chan said. "Home sales in the secondary market will turn sluggish as a result of a big gap ...

  7. Property - International - HOUSING

    British home prices soar 3.6 per cent this month, at record highs

    Posted May 21st 2014, 06:00am by Reuters

    ... growing faster than most of its industrialised peers, with the housing market standing out as it benefits from falling unemployment, record low interest rates and government mortgage schemes. Bank ...

  8. News - Hong Kong - HOUSING

    Key housing committee warns over rent controls, building on country parks

    Posted Feb 17th 2014, 05:40pm by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Long-term Housing Strategy Steering Committee also expresses reservations about regulating subdivided flats and offering subsidies to those waiting for public housing The government-appointed committee tasked with long-term planning for housing development in Hong Kong has expressed reservations about introducing rent controls and regulations ...

  9. News - Hong Kong - HOUSING

    Rising rents taking biggest toll on the poor

    Posted Mar 24th 2014, 05:26am by LO WEI

    ... income. I couldn't stand it so I had to move out and find another place," he said. He found a cheap bed space for rent but said the living conditions were appalling, so he left, ...

  10. News - Hong Kong - HOUSING

    Housing Authority finance chief says task force proposals are ‘unrealistic’

    Posted Mar 20th 2014, 11:27am by FANNY W. Y. FUNG

    ... of for-sale subsidised flats to public rental flats, and borrowing. But the chairman of the authority's finance committee, Professor Raymond So Wai-man, called the proposals unrealistic. ...




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