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  1. Finance chief vows to curb property bubbles

    Posted Jun 20th 2011, 12:00am

    ... Tanna Chong tanna.chong@scmp.com Financial Secretary John Tsang Chun-wah pledged in his blog yesterday to step up efforts to curb bubbles in the property market. 'The current market situation is abnormal,' he wrote. 'It is difficult to predict the outlook of the property market, but one thing for sure is that risks are increasing continuously.' The warning came ...

  2. What a relief... for middle class

    Posted Feb 02nd 2012, 12:00am

    ... of which will mostly benefit the middle class. Observers say that given the city's fiscal reserves- which are expected to reach HK$658.7 billion by March 2013- the 2012-13 budget came down on the side of caution and ignored many long-standing problems, including the city's wealth gap. However, John Tsang Chun-wah said caution was justified because of the difficult outlook facing ...

  3. Tsang's term chimes with strong housing market

    Posted Jul 02nd 2012, 12:00am

    ... economic outlook. Midland Realty estimates that Land Registry data due out this week could show that the total number of property transactions dropped by some 31 per cent to 7,897 in June. Buggle ... Peggy Sito peggy.sito@scmp.com Hong Kong's property market has had its strongest five-year run since the handover, with secondary home sales reaching new highs during ...

  4. MATTER of opinion

    Posted Oct 28th 2011, 12:00am

    ... Kenneth Ko Opinions are divided on the outlook for the luxury property sector in Hong Kong. Some experts believe that Chief Executive Donald Tsang Yam-kuen's annual policy address ... supply and demand. Simon Lo Wing-fai, executive director of research and advisory for Asia at Colliers International, is cautious about the near-term outlook for the property sector in view ...

  5. When property bubble bursts, pin blame on outgoing administration

    Posted May 03rd 2012, 12:00am

    ... Hong Kong' s property bubble must be burst now or at least sooner than later. Just as Andy Xie wrote in his article, Hong Kong must kick its property addiction ('High on property', April 23). The bubble is real and has to break. Since house prices reached their ridiculous and unsustainable heights last year, there have been very few genuine transactions ...

  6. Comment - Insight & Opinion

    Donald Tsang deserves to know his fate in ICAC's graft probe

    Posted May 24th 2013, 12:00am by GRENVILLE CROSS

    ... five government ministers had escaped prosecution, for undisclosed reasons, for having allegedly illegal structures on their properties, and this lamentable precedent has done little to inspire ...

  7. Property developers brace for more woe

    Posted Oct 10th 2011, 12:00am

    ... as further bad news for the property market, said Patrick Chow Moon-kit, head of research at property agent Ricacorp Properties. The continued fall in property sales and prices could also trigger a slide in the share prices of property developers, warned a fund manager. Tsang's admission in a radio programme on Saturday, in which he also acknowledged that the mistakes had fuelled ...

  8. The home stretch

    Posted Oct 13th 2011, 12:00am

    ... out of the property market, and offer old-age allowances from 2013 for elderly people who choose to live in Guangdong- measures that will be left to the next government to implement. He also ... flats for sale; the government decided to scrap the scheme in 2002 to reverse a property slump. Asked if the relaunch had been delayed too long, he said: 'Isn't a late arrival better ...

  9. Why John Tsang has fallen short

    Posted Apr 05th 2012, 12:00am

    ... economy, despite a cloudy global outlook, is expected to grow by up to 3 per cent this year. The unemployment rate remains at 3.4 per cent. All signs suggest Tsang is heading towards a comfortable ... Separately, his measures to stabilise property prices and enhance land supply are also seen as not going far enough. Affordable housing remains a distant dream to many in the city. A truly successful ...

  10. HK officials scared, but investors show their courage

    Posted Feb 06th 2012, 12:00am

    ... Finance Minister Xie Xuren insisted Beijing has plenty of room to adopt an expansionary fiscal stance. As a result, although export growth will be softer this year, and property prices will weaken further, the overall economic growth rate is likely to remain well above 7 per cent, a pace other big economies can only dream about. Finally, there is Hong Kong itself. Sure, local property prices ...




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