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  • July 13, 2014
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  1. Comment - Insight & Opinion

    Greedy landlords and worship of luxury goods are killing best of old Hong Kong

    Posted Apr 23rd 2013, 12:00am

    ... and Central for 62 years, said farewell to its last customers on Sunday, another casualty of landlords seeking higher rents and more prestigious tenants. The cha chaan teng shared the fate ... closed after the monthly rent doubled to HK$600,000. Ngau Kee's operator, Mak Ping-keung, said his landlord refused to renew his HK$49,000 lease for the 1,300 sq ft restaurant. The site can ...

    http://www.scmp.com/comment/insight-opinion/article/1220977/greedy-landlords-and-worship-luxury-goods-are-killing-best
  2. Property - Hong Kong & China - COMMERCIAL

    Landlords forced to lower asking rents as mainland tourist spending falls

    Posted Jul 09th 2014, 05:02am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Decline in number of big-spending mainland tourists has hit sales of luxury goods, forcing owners to be more realistic in their rent demands Retail landlords rein in giddy asking rents Property investors who bulked up their retail portfolios in recent years have found themselves on the wrong end of a bet on mainland shoppers driving a sustained boom ...

    http://www.scmp.com/property/hong-kong-china/article/1549705/landlords-forced-lower-asking-rents-mainland-tourist
  3. News - Hong Kong - HOUSING

    Lawmakers call for study into return of rent controls to protect tenants

    Posted Jul 08th 2014, 03:42am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Lawmakers call for study into rent controls Lawmakers have called on the government to consider reintroducing rent controls despite government findings ... controls would prevent poor tenants being forced from their homes by the city's soaring rents. "Tenants have little bargaining power," Kwok Wai-keung, from the Federation of Trade ...

    http://www.scmp.com/news/hong-kong/article/1549165/lawmakers-call-study-return-rent-controls-protect-tenants
  4. Business - Economy - LIGHT POLLUTION

    Higher rent may be the price for a good night’s sleep

    Posted Jul 08th 2014, 11:18am by Richard Wong

    ... Richard Wong The market has found its own way of dealing with light pollution in Hong Kong, where higher rents may be the price for a good night's sleep Neon nuisance Nobel laureate ... in their vicinity. What can Coase's reasoning offer on this issue? Those least affected by it live in brightly lit neighbourhoods The neon lights are erected by shopkeepers who rent wall space from ...

    http://www.scmp.com/business/economy/article/1549450/higher-rent-may-be-price-good-nights-sleep
  5. Business - Comment - JAKE'S VIEW

    Housing Authority must raise public housing rents or run out of money

    Posted Jul 08th 2014, 12:45am by Jake Van Der Kamp

    ... Jake van der Kamp Housing Authority will run out of money if it continues building flats without raising rents that are already among the lowest in urban world High time we stopped paying this rent Professor Raymond So Wai-man, who chairs the Housing Authority's finance committee, said it may need to ask for more funding as its coffers will have dwindled to HK$28.2 billion ...

    http://www.scmp.com/business/article/1549258/housing-authority-must-raise-public-housing-rents-or-run-out-money
  6. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

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

    ... Olga Wong olga.wong@scmp.com Public flat tenants facing 10pc rent rise Public housing tenants will be asked to help relieve the Housing Authority's financial burden with a rent ... rent to ease the burden on tenants, as they did for the previous two rent increases. "We hope the committee will think twice about [a waiver]. Is this the best way of using ...

    http://www.scmp.com/news/hong-kong/article/1545118/housing-authority-set-increase-rents-public-flats-10-cent
  7. Property - Hong Kong & China - RESIDENTIAL

    Rents also pick up steam in resurgent mass housing in Hong Kong

    Posted Jun 25th 2014, 01:31am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Strong demand from businesses and mainland students amid a tight supply of flats is likely to turn up the heat in the leasing sector Rents pick up steam in mass housing Home seekers troubled by recent rises in the mass-residential sector now have an old foe to contend with: a resurgent rental market. The recent gains in rents at 50 major housing ...

    http://www.scmp.com/property/hong-kong-china/article/1539674/rents-also-pick-steam-resurgent-mass-housing-hong-kong
  8. News - Hong Kong - COURTS

    Nigerian consulate general sued over HK$62,000 in rent arrears

    Posted Jun 25th 2014, 04:49am by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Landlords say it failed to pay rent for two months on upmarket Mid-Levels apartment Nigerian consulate sued over HK$62,000 Two landlords of a Mid-Levels flat are suing the consulate general of Nigeria over rent arrears of HK$62,000 and seeking the return of their property, a writ filed to the High Court shows. Flat owners Tang Chiu-kin and Lau Oi-wah ...

    http://www.scmp.com/news/hong-kong/article/1539759/nigerian-consulate-general-sued-over-hk62000-rent-arrears
  9. Property - Hong Kong & China - LOGISTICS

    Warehouse rents rise due to limited supply

    Posted Jun 23rd 2014, 11:18am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Rising rents caused by limited supply and surging demand are threatening city's position, with government focused on new homes Warehouses running out of space in HK Rents in Hong Kong's warehouse sector have shot up because of a shortage caused by robust retail demand, and the limited supply could eventually harm the city's ...

    http://www.scmp.com/property/hong-kong-china/article/1538789/warehouse-rents-rise-due-limited-supply
  10. A business mind: Handy mobile renting for tourists

    Posted Jun 19th 2014, 03:47pm by CHRIS LAU

    ... Chris Lau What would you do if you had 3,000 smartphones sitting idly by? Staffers at local start-up Tink Labs certainly had an interesting way to put them into good use- they used them to build a pyramid, much as you would with decks of cards. But as if ...

    http://www.scmp.com/article/1536175/business-mind-handy-mobile-renting-tourists

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