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  • November 24, 2014
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  1. Property - Hong Kong & China - REAL ESTATE

    Property market jitters possible amid uncertainty over law to double stamp duty

    Posted Jul 14th 2014, 04:25am by Peggy Sito, Sandy Li

    ... Peggy Sito and Sandy Li Uncertainty over legislation risks weakening market confidence, warn industry observers Stamp duty law delay unlikely to benefit owners Property owners are set ... to the government until it is enshrined in law. "If the bill cannot be passed this year, this will not have any practical impact on the market," said Cusson Leung, head of property research ...

  2. Tenants trading leases for loans

    Posted Feb 12th 2005, 12:00am by Sandy Li

    ... their own homes, according to figures released by Ricacorp Properties. The figures from the property agency show the number of new leases registered last month at 50 leading private housing estates ... the Hong Kong Mortgage Corp insurance coverage scheme, which enables home loan seekers to borrow up to 95 per cent of the value of a property, was expanded to the secondary market. The previous ...

  3. News - Hong Kong - POLITICS

    Legco filibuster on stamp duty puts more than HK$4b at stake, lawyers warn

    Posted Jul 14th 2014, 05:57am by Austin Chiu, Sandy Li

    ... Austin Chiu and Sandy Li Homebuyers' cash being held by lawyers while stamp duty bill is delayed in Legco Filibuster puts more than HK$4b at stake Billions of dollars paid in property transactions have been put at risk by a delay in passing a law that enacts a doubling of stamp duties, lawyers warn. Conveyancing lawyers are holding the extra taxes they have collected from property ...

  4. Heavy-handed agents warned

    Posted Jan 26th 2005, 12:00am by Sandy Li

    ... speaking at a media briefing on the property market's performance last year, suggested top managers at property agencies would be held responsible. Instead of having to change the law, Mr Poon ... Sandy Li Hong Kong property agents bailing up potential clients with heavy-handed sales tactics, such as blocking or chasing their cars, have been warned that regulations may be tightened ...

  5. Secondary sales plunge as buyers baulk at high values

    Posted May 12th 2004, 12:00am by Sandy Li

    ... in the first 10 days of this month was half that for the same 10-day period in April, Mr Law said. Ricacorp Properties managing director Ivan Ho said his company closed fewer than 100 transactions last ... Transactions in the secondary residential market have plunged by up to 50 per cent this month, confirming fears of a seriously dampened enthusiasm for buying houses. Property agents said ...

  6. Property - Hong Kong & China

    Nothing to see here: Cheung Kong stands by 'no viewing' policy for tiny Hong Kong flats

    Posted Jul 24th 2014, 10:55pm by Sandy Li

    ... sign agreements promising to buy without personally inspecting the flats before closing on the deal. Officials, lawmakers, academics and property analysts condemned the demand, with some accusing the company of violating a law designed to prevent such requests. Cheung Kong said in a statement that "the personal safety of those prospective buyers will be endangered" ...

  7. Links found in flat sales at 39 Conduit Rd

    Posted Nov 13th 2009, 12:00am by Sandy Li, Yvonne Liu

    ... registered in the British Virgin Islands- all using the same law firm. According to the Land Registry's latest data, 24 apartments at the West Mid-Levels development have been sold for a total ... also purchased the other 18. The identity of the buyer or buyers is not known as the properties were bought using 24 different shell companies registered in British Virgin Islands, under whose ...

  8. Property - Hong Kong & China - LEGISLATION

    New property taxes still in Legco limbo

    Posted Oct 09th 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Bills raising stamp duty to dampen market have been stuck in Legco committee for months, but they are already having a big effect New property taxes still ... Council's refusal to rubber-stamp hefty tax increases on property sales without extracting a raft of concessions and amendments has left the government bills in limbo for almost a year. Meanwhile, ...

  9. Property - Hong Kong & China - PROPERTY

    Homes sweet homes for rich who beat duty slug

    Posted Dec 03rd 2013, 05:48am by Sandy Li

    ... have one set of standards for rich homebuyers and another set for the not-so-rich? That appears to be the case- for seemingly inexplicable reasons. Despite the doubled stamp duty on properties ... they would need to pay much more in stamp duty than rich investors without property who buy five or more flats in one go. Land Registry data shows Sharon Lam Suet-yee bought five flats at yoo ...

  10. Doors still shut on real value of homes

    Posted Dec 28th 2005, 12:00am by Sandy Li

    ... the registry's mandate restricted it from requiring developers to declare the net prices of flats and other properties they sold. 'Under the law, our role is not to work out how sales and purchase ... What the government records and what people pay for properties are not the same, writes Sandy Li The government's system of recording flat sales and purchases has been attacked ...




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