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  • July 12, 2014
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  1. Why building more flats may not lead to a drop in prices

    Posted Aug 02nd 2010, 12:00am by Olga Wong

    ... He said the practice of selling subsidised housing at a discount to the price of private flats is unfair, as the market has risen while the median monthly income has remained unchanged ... enough new flats for the additional population. The reason flats remain expensive is the lack of transparent property data for homebuyers rushing to make a decision, a leading surveyor says. ...

  2. C.Y.'s housing plan falls flat on credibility

    Posted Jan 10th 2012, 12:00am

    ... Jake van der Kamp Chief executive hopeful Leung Chun-ying suggests limiting the sales of new flats to Hong Kong residents, as part of his land policy proposal to increase land supply ... for instance, his earlier proposal to allow 5,000 people a year to buy second-hand subsidised homes on the private market without paying a premium. This would not be a social measure. It would rather ...

  3. Groups scoff at subsidised ticket scheme

    Posted May 31st 2008, 12:00am by Peter So

    ... Peter So, Ng Kang-chung A proposed HK$2 million scheme to subsidise the cost of ferry tickets for tours by schools or welfare agencies to Lantau, Lamma and Peng Chau has been given the thumbs down. A grass-roots group yesterday said the amount was too small, while local district councillors said it was aimed at the wrong groups. The subsidy scheme was among the major sweeteners ...

  4. Serve the housing needs of poor first

    Posted Feb 13th 2012, 12:00am

    ... and Tin Shui Wai offer a lifelong lease to those who can afford the lump-sum rent estimated to cost HK$3 million or more. The 1,500 flats will be completed by 2015 and 2016. Recreational ... government-subsidised housing schemes. Legally speaking, there is nothing to restrict the non-profit-making statutory body from acting like a property developer. It can be argued that the latest project does ...

  5. News - Hong Kong - HOUSING

    No ban yet on outsiders buying flats in HK

    Posted Aug 31st 2012, 12:00am by Olga Wong, Sandy Li, Yvonne Liu, Joyce Ng

    ... Chun-ying has yet to give a timetable for a long-awaited scheme to restrict flat sales to Hong Kong buyers, even after he announced a series of measures to stabilise the market yesterday. "The ... Society vice-chairman Marco Wu Moon-hoi said the curb would be effective only with complementary measures, including stamp duty or a resale restriction to prevent speculation in flats sold under ...

  6. Hong Kong puts bigger families in a tight financial and social squeeze

    Posted Apr 18th 2012, 12:00am

    ... for parental care. Meanwhile, the Singapore government subsidises the use of childcare centres. Having professional childcare workers trumps having domestic helpers anytime. The third factor ... for a family with two children. The cost just spirals upwards exponentially. My family of five plus two helpers live in a 1,400 square foot flat, something considered a luxury setting. Even then, being ...

  7. Letters

    Posted Jul 11th 2011, 12:00am

    ... such as Sham Shui Po many cage home dwellers might have to share a flat with 10 people. It is difficult to comprehend what it must be like. I urge the next chief executive to act to narrow the wealth ... but a social policy. Substantial investment from non-Hong Kong residents has led to prices rising so much that flats are beyond the reach of many citizens including the middle class. Some people ...

  8. Global crisis gives boost to cheap flats

    Posted Dec 12th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Sales of flats priced at HK$2 million or below are on the rise as sellers agree to cut their asking prices because of concerns that Europe's credit ... show 908 flats were sold at prices of HK$2 million or below in the secondary market in November, representing 27.3 per cent of the total number of secondary market deals for the month. ...

  9. Comment - Letters

    Letters to the Editor, January 28, 2013

    Posted Jan 28th 2013, 12:00am by LETTERS

    ... is not a solution. These colleges are normally connected to private foreign universities and fees will be much more than for public universities, which are subsidised. They would be too expensive for many ... to read about the tragic death of a child, aged 2½, who fell from her father's ninth-floor North Point flat ("Toddler falls to her death from window", January 15). I have a little ...

  10. Let market determine housing policy: experts

    Posted Jul 14th 2004, 12:00am by Peggy Sito

    ... the government has given up its previous approach by suspending government subsidised housing and letting the property market run itself,' Mr Hui said. Instead of controlling flat supply, industrial ... and lands policy, academics and industry specialists say. Instead, international experience suggests planners should let market forces respond to an, as yet, unknown demand for new flats. Concerns ...




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