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  1. News - Hong Kong - PROPERTY

    New property law forbids publishing of unofficial price quotes

    Posted Apr 20th 2013, 12:00am by Joyce Ng, Johnny Tam

    ... the law takes effect. The Residential Properties (First-hand Sales) Ordinance is intended to protect consumer interests and increase market transparency. An information centre in Chai Wan will educate consumers on the law. There have also been concerns that developers may bombard buyers with information and cause even more confusion. Sun Hung Kai Properties has issued a three-volume, ...

    http://www.scmp.com/news/hong-kong/article/1218652/new-property-law-forbids-publishing-unofficial-price-quotes
  2. Business - Companies - PROPERTY

    Developers rush to sell flats before new curbs start

    Posted Apr 05th 2013, 12:00am by Yvonne Liu, Peggy Sito

    ... Yvonne Liu and Peggy Sito Developers in rush to sell before new law As home sales start showing signs of losing steam, developers are rushing to launch projects before a law takes effect at the end of this month which is expected to curb new flat sales. Sun Hung Kai Properties has started a soft launch of its Riva development in Yuen Long that offers about 780 units, with 25 blocks ...

    http://www.scmp.com/business/companies/article/1207253/developers-rush-sell-flats-new-curbs-start
  3. Business - China Business - PROPERTY

    Chinese property stocks hit by talk of real estate tax

    Posted Aug 15th 2012, 12:00am by Yvonne Liu

    ... Mainland property stocks fell yesterday on speculation that the central government will implement a property tax in more than 30 cities. The Economic Information Daily, a newspaper owned by Xinhua news agency, reported on Monday that the State Administration of Taxation is conducting a six-month course on how to evaluate property tax and officials from local taxation bureaus in more than ...

    http://www.scmp.com/business/china-business/article/1014939/chinese-property-stocks-hit-talk-real-estate-tax
  4. News - Hong Kong - PROPERTY

    Law change to plug loophole in new stamp duty

    Posted Oct 31st 2012, 12:00am by Joyce Ng

    ... cent of the value of the property. The government said last week it was aware of people trying to evade stamp duty by way of share transfer. It warned against doing so, as buyers would ...

    http://www.scmp.com/news/hong-kong/article/1073590/law-change-plug-loophole-new-stamp-duty
  5. Business - Companies - PROPERTY

    Scramble for sales precedes new law

    Posted Apr 18th 2013, 12:00am by Sandy Li

    ... precedes new law Cheung Kong is offering additional sweeteners, on top of a price cut last month, to try to offload the remaining units at its Lai Chi Kok residential project. The move indicates the developer's eagerness to clear its stockpile before a new law takes effect on April 29, tightening rules on sales practices for new flats. Prices of homes at One West Kowloon were cut by an average ...

    http://www.scmp.com/business/companies/article/1217033/scramble-sales-precedes-new-law
  6. News - Hong Kong - PROPERTY

    Nervous investors in Apex Horizon hotel suites seek police help

    Posted Feb 25th 2013, 12:00am by Stuart Lau

    ... it is the first time in Hong Kong that a developer has sold hotel suites, classified as commercial property, so buyers do not have to pay stamp duty. A middle-aged woman investor said: "I trusted Li ...

    http://www.scmp.com/news/hong-kong/article/1157827/nervous-investors-apex-horizon-hotel-suites-seek-police-help
  7. Business - Companies - PROPERTY

    Scheme to dodge flats tax won't work, lawyers say

    Posted Nov 05th 2012, 12:00am by Peggy Sito

    ... won't work: lawyers A developer's scheme to sell flats in the form of shares to help buyers escape stamp duty on property purchases will not work, tax experts say. The government recently ... the surge in property prices, a Happy Valley developer was reported by Chinese-language newspapers as saying he would set up a subsidiary company to hold the flats he was developing and then sell ...

    http://www.scmp.com/business/companies/article/1075133/lawyers-say-scheme-dodge-flats-tax-wont-work
  8. News - Hong Kong - PROPERTY

    Sales law falling flat, says watchdog

    Posted Nov 12th 2014, 04:48am by FANNY FUNG

    ... sales practices by developers and property agents remain common more than a year after a law was introduced to combat them, the Consumer Council says. In a critical report released yesterday, ... the Sales of First-hand Residential Properties Authority- the body set up to enforce the law- was failing in its duty, council chief executive Gilly Wong Fung-han said: "It is an objective fact ...

    http://www.scmp.com/news/hong-kong/article/1637695/sales-law-falling-flat-says-watchdog
  9. News - Hong Kong - PROPERTY

    No plans to ditch property speculation cooling measures, says Carrie Lam

    Posted May 13th 2014, 03:51am by Gary Cheung, Peggy Sito and Ng Kang-chung

    ... year bill. The government introduced the double stamp duty plan early last year in the wake of renewed signs of exuberance in the property market. Under the law, buyers of properties costing ... Gary Cheung, Peggy Sito and Ng Kang-chung Government flexibility may be limited to relaxing measure that doubles stamp duty on some property transactions Acting chief executive Carrie Lam ...

    http://www.scmp.com/news/hong-kong/article/1510974/government-may-offer-concession-double-stamp-duty-break-legal
  10. News - Hong Kong - PROPERTY

    Rural committee chief backs proposed change to 'squatters' law'

    Posted Oct 21st 2014, 04:33am by Phila Siu

    ... to 'squatters' law' Rural strongman Lam Kam-kwai supports the bid to change the "squatters' rights" law, saying it would stop property occupiers from exploiting the system. Lam, ... effective- published a report yesterday on changing the legal doctrine of adverse possession, also known as squatters' rights. Under current law, if a property is not used by its owner, ...

    http://www.scmp.com/news/hong-kong/article/1620757/rural-committee-chief-backs-proposed-change-squatters-law

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