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  1. REDA's moaning betrays its arrogance

    Posted Feb 04th 2012, 12:00am

    ... Alex Lo alex.lo@scmp.com When you are a billionaire, it is understandable you may have your head stuck in the clouds. That may explain the absurd objections presented by REDA- a lobby ... else do you explain REDA's latest submission to Legco that says the government provided no cogent reason for the legislation 'to survive a constitutional challenge' apart from ...

  2. Gross floor area still needed for a fair comparison of old and new properties

    Posted Jan 07th 2012, 12:00am

    ... by the Real Estate Developers Association of Hong Kong (REDA) in its press statement of December 20. Although REDA's statement focused on five separate, but equally important, issues ... gross floor area (GFA) in the sale of flats. REDA has consistently expressed its support for the government's efforts to introduce saleable area as a basis for calculating price. However, ...

  3. Developers turn against law to regulate flat sales

    Posted Feb 01st 2012, 12:00am

    ... (REDA) now says some of the government's key proposals are unconstitutional, warning that the proposed law would not survive a legal challenge. REDA also made counter-proposals, some ... Lee Wing-tat said REDA's new approach was irrational. The law, to come into effect in 2013, is intended to better protect buyers of new homes against dishonest developers, and increase ...

  4. Who said it?

    Posted May 08th 2012, 12:00am

    ... It is disappointing that... we have the trainer of a horse making very public complaints about a jockey's ride Jockey Club official Kim Kelly responds to the spat between Tony Millard and Douglas Whyte We are not against legislation, but we want to make sure it [complies] with the Basic Law Louis Loong Hon-biu, Reda's secretary general, on the bill to regulate flat sales I... ...

  5. News - Hong Kong - FINANCE

    Leung snubs city developers' plea for tax exemption

    Posted Dec 19th 2012, 12:00am by JOYCE NG AND SANDY LI

    ... companies should be exempt from the tax. REDA argued that most local company directors or shareholders are permanent residents and should enjoy the same rights as individual local buyers. ... Chi-kin, chairman of REDA's executive committee, said he would meet officials in the next few days to lobby again. He said the association had come up with a suggestion to plug the loophole ...

  6. Sport - Other Sport - ATHLETICS

    Marshalling error makes Macau marathon longer

    Posted Dec 03rd 2012, 12:00am by Richard Castka

    ... by the times, we could have done an extra 4km today." Defending champion Tsega Gelaw Reta failed in her attempt to win consecutive Macau titles after fellow Ethiopian, Ehitu Reda, pulled away in the final stages of the women's race to claim the title in 2.50:10. "I'm very happy with the victory today as the conditions were really tough for distance running," Reda, 24, ...

  7. Property - Hong Kong & China - PROPERTY

    Developers urge tax exemption for luxury flats

    Posted Nov 24th 2012, 12:00am by Peggy Sito, NG KANG-CHUNG

    ... In a letter to the government, Reda says the authorities should specify when they would end the anti-speculation taxes, which it warns will hurt Hong Kong's reputation as one of the world's ... Kong permanent residents". Industry analysts dismissed the concerns, saying Reda was only trying to protect its own interests and favouring rich buyers of upmarket flats. Professor Chau ...

  8. Business - Economy - PROPERTY

    Tax takes huge toll on sales, industry

    Posted Dec 21st 2012, 12:00am by Peggy Sito

    ... to be over with one of the biggest brakes on players' profits now government policy, according to Real Estate Developers Association (REDA) chairman Stewart Leung Chi-kin. Hong Kong developers ... company directors or shareholders are permanent residents and should enjoy the same rights as individual local buyers," he said. The REDA had suggested that locals, including company ...

  9. News - Hong Kong - DEVELOPMENT

    Property developers in legal threat over new-towns land plan

    Posted Sep 28th 2012, 12:00am

    ... by the government earlier. In the eight-page submission, Reda focused its objections on the change of development approach. Louis Loong Hon-biu, secretary general of the association, referred to the Lands ... towns. Developers whose land was acquired received a letter of exchange so they could redeem their loss of development rights elsewhere. Reda said the government, in proposing the method ...

  10. Business - Money - PROPERTY

    Hong Kong's secondary home prices continue to fall in wake of stamp duty change

    Posted Dec 08th 2012, 12:00am by PEGGY SITO AND JOYCE NG

    ... Leung Chi-kin, chairman of Reda's executive committee, said the body was more concerned about the buyer's stamp duty than the special stamp duty, because the former would affect ...




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