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  • July 30, 2014
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  1. 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

    ... warned that controls could have "unintended consequences". These included less rental housing on the market, higher rents for properties without the controls, less incentive for maintenance and a lower turnover of rental properties. "Owners might also ask for a much higher rental at an initial stage to make up for the limited rental increase in future," principal ...

    http://www.scmp.com/news/hong-kong/article/1549165/lawmakers-call-study-return-rent-controls-protect-tenants
  2. News - Hong Kong - HOUSING

    High management fees likely for single-block developments, say property specialists

    Posted Jul 25th 2014, 03:42am by Olga Wong

    ... to their mortgage payments and more than those for at least one luxury estate. Buyers at Tin Lee Court in Tai O, a 19-year-old block of 85 flats converted from public rental to HOS, will pay fees ranging ...

    http://www.scmp.com/news/hong-kong/article/1558541/high-management-fees-likely-single-block-developments-say-property
  3. News - Hong Kong - HOUSING

    300 buyers compete per flat in Lantau scheme

    Posted Jun 25th 2014, 04:49am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Former public rental units offered to buyers too well-off to qualify for public rental homes 300 buyers compete per flat in Lantau scheme More than 10,000 buyers are competing for 34 subsidised flats put up for sale to people whose income is too high to qualify for public rental flats and too low to otherwise afford to buy a home. It means ...

    http://www.scmp.com/news/hong-kong/article/1539828/300-buyers-compete-flat-lantau-scheme
  4. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

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

    ... The authority is facing a growing financial burden as the government pushes it to build 200,000 public rental flats in the next decade, a problem made worse by rocketing construction costs. The cost ... rental flats by selling subsidised homes no longer worked. The authority has predicted that its reserves of HK$68.1 billion would fall to HK$28.3 billion within four years. An authority working ...

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

    Positive sentiment bodes well for upcoming launches of new homes

    Posted Jul 08th 2014, 02:59pm by Peggy Sito

    ... are likely to be launched over the next few weeks. Investment bank Jefferies expects Cheung Kong to achieve a strong launch, owing to affordable pricing and demand from investors seeking rental ...

    http://www.scmp.com/property/hong-kong-china/article/1549581/positive-sentiment-bodes-well-upcoming-launches-new-homes
  6. News - Hong Kong - HOUSING

    Public-flat funding 'no longer works'

    Posted Jun 13th 2014, 04:48am by FANNY WF FUNG

    ... Fanny W. Y. Fung fanny.fung@scmp.com Housing Authority can no longer raise enough money from selling subsidised flats to build more homes for rental, minister admits Public-flat funding 'no longer works' The Housing Authority policy of building public rental flats with the proceeds of subsidised homes built for sale is "no longer applicable", the housing ...

    http://www.scmp.com/news/hong-kong/article/1531043/public-flat-funding-no-longer-works
  7. News - Hong Kong - HOUSING

    More young people drawn to public rental housing

    Posted Jan 02nd 2014, 02:58am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Housing Department survey finds rapidly increasing number of young people applying for rental housing in order to live on their own More young seeking public flats Steadily growing numbers of young people are applying for public rental housing, with most citing a desire to live on their own. This was shown by the Housing Department's latest ...

    http://www.scmp.com/news/hong-kong/article/1395251/more-young-people-drawn-public-rental-housing
  8. News - Hong Kong - HOUSING

    'My flat is 30 sq ft and infested with bugs': Poor forced into dismal housing shows need for rent control

    Posted May 04th 2014, 09:11pm by SAMUEL CHAN

    ... that conducted the survey between December and mid-February, said the rental contracts of more than half of the respondents were for less than a year. And some landlords had refused to enter any ... without a contract, with tenants, the group said. The groups want the government to make rental contracts compulsory. They also want rent control measures to keep increases in line with inflation. ...

    http://www.scmp.com/news/hong-kong/article/1504425/my-flat-30-sq-ft-and-infested-bugs-poor-forced-dismal-housing-shows
  9. Property - Hong Kong & China - HOUSING

    Grand Sun proposes trust fund to build affordable homes for young

    Posted May 28th 2014, 05:08am by Sandy Li

    ... and other administrative expenses." He said flats built under this scheme could be 20 per cent lower than retail prices. Nanjing resident Lu Haichang, 26, is one of the dozen potential ...

    http://www.scmp.com/property/hong-kong-china/article/1520045/grand-sun-proposes-trust-fund-build-affordable-homes-young
  10. News - Hong Kong - HOUSING

    Kwai Tsing council rejects government's housing plans

    Posted May 09th 2014, 03:36am by FANNY W. Y. FUNG

    ... questioned the government's ability to deliver on Chief Executive Leung Chun-ying's pledge to build 200,000 new public rental flats by 2023. The most controversial site, on Container Port ...

    http://www.scmp.com/news/hong-kong/article/1507636/kwai-tsing-council-rejects-governments-housing-plans

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