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  • September 19, 2014
  • Last updated: 12:45am
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  1. Business - Comment - JAKE'S VIEW

    US dollar peg to blame for high private rentals in Hong Kong

    Posted May 06th 2014, 12:32am by Jake Van Der Kamp

    ... dollar peg to blame for high private rentals [French economist Thomas] Piketty states that unrestrained capitalism and free markets have caused great inequality... In Hong Kong this can clearly be seen in rising property prices and rents- where property developers and landlords get rich at the expense of workers' stagnant wages. Letters to the editor, May 4 I suppose I shall have ...

  2. Comment - Insight & Opinion - JAKE'S VIEW

    Posh property expensive? It's Hong Kong meting out justice

    Posted Nov 25th 2012, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp Global guides miss the complexity and economic redress lurking behind high real estate values Posh property expensive? It's Hong Kong meting out justice HK rises ... of about HK$1,200 apiece. Pricey? In fact, public housing tenants are effectively paid to occupy their homes. Management, maintenance and other costs amount to more than rental income. The Housing ...

  3. 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

    ... accommodation on earth. Another big irony. It's not enough to pay for repairs or even the cost of collecting rent. The HA expects to run a deficit of HK$1.66 billion on rental housing operations this year. At one time this did not matter. Income from public-sale housing, the Home Ownership Scheme, covered the cost of building rental flats. And when HOS was finally wound down in 2004, ...

  4. News - Hong Kong - JAKE'S VIEW

    We must not change our tune for the copyright trolls

    Posted Apr 13th 2014, 03:57am by Jake Van Der Kamp

    ... and they may back off, but at great expense to you and before anyone can clear up whether their title does really stand up in law. Nothing deterred, they will just as vigorously pursue the next victim ... the distribution agent. This law drove our video rental shops out of business. Jackie Chan said he would move to America if we didn't pass it. We passed it. Jackie Chan moved to America. Let's ...

  5. Business - Comment - JAKE'S VIEW

    Li Ka-shing's stake in investment property is far less than what it seems

    Posted May 13th 2014, 01:03am by Jake Van Der Kamp

    ... effect Li's actual stake in property rentals not that much Li Ka-shing's apparent move to reduce his investments in Hong Kong could damage the city's economic competitiveness, says ... happy to advance him money. He is also far less active in property rentals than other big players in property. His flagship, Cheung Kong (Holdings), for instance shows only HK$28.7 billion ...

  6. Business - Comment - JAKE'S VIEW

    Rich are easy target but tax offensive won't help the poor

    Posted May 01st 2014, 01:18am by Jake Van Der Kamp

    ... wealth value because it generates rental income. An equivalent volume of sea water has no wealth value as you cannot drink it and anyone can go boating on it. Change the income that the asset generates and you change its wealth value. Tax the rental income of the block of flats and its value goes down. Do it too heavily and fewer rental flats will be built. Soon you have a housing ...

  7. Business - Comment - JAKE'S VIEW

    Ungrateful arts leaders owe public an apology over West Kowloon project

    Posted Jun 03rd 2014, 12:29am by Jake Van Der Kamp

    ... less of it to join in the cultural expressions of their society. The huge expense of the West Kowloon arts project will thus do as much to constrain development of the arts in Hong Kong ...

  8. Business - Comment - JAKE'S VIEW

    HK$1b black holes are an expensive way to fool Beijing

    Posted Feb 19th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp jake.vanderkamp@scmp.com Despite a flashy launch, the HK government's five-year plan contribution has quietly died HK$1b black holes are an expensive way to fool ... We would be much better off if he did not have to tell expensive lies to Beijing and could save the money or, better yet, not collect it from us in the first place. He might then look ...

  9. News - Hong Kong - JAKE'S VIEW

    It's time for our civil servants to work on being happy- not miserable

    Posted Apr 06th 2014, 03:55am by Jake Van Der Kamp

    ... wants out as badly as they do and must be supported at public expense for 20 years or more of idle retirement. It is just not so. What is happening is that people are living longer because ...

  10. Business - Comment - JAKE'S VIEW

    Taxpayers should not pay for a third runway … but they will

    Posted Mar 04th 2014, 05:09am by Jake Van Der Kamp

    ... good acid test then of how important the visitor dollar really is to us. We are talking about spending a great deal of money on this third runway. It will be the single most expensive capital ...




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