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  • September 23, 2014
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  1. Housing chief defends cut-price flats sale

    Posted Feb 11th 2004, 12:00am by Chloe Lai

    ... The government suspended the Home Ownership Scheme under the pressure of developers, and now the government sold the subsidised flats cheaply to developers. It is a classic case of favouritism.' ... that with the experience learned from the Hunghom deal, the government would strike a better deal next time. The government revealed on Monday that the 2,470 flats, built under the now-defunct Private Sector ...

  2. Developers to build luxury flats on estate they bought for knock-down price

    Posted Mar 19th 2004, 12:00am by Denise Tsang

    ... yesterday. New World Development managing director Henry Cheng Kar-shun said its unit NWS Holdings and Sun Hung Kai Properties would demolish the waterfront estate and build flats over a gross floor ... to work out a detailed plan and will then discuss it with the government,' he said. Built under the now-defunct Private Sector Participation Scheme (PSPS), Hunghom Peninsula has 2,470 flats ...

  3. Bus operators fear subsidised rail loop will hit their services

    Posted Oct 30th 2003, 12:00am by Joseph Lo

    ... would be hurt if the plan went ahead. 'If the government is subsidising the new rail line with taxpayer funds, why not bring it out to tender? We'd like the opportunity to bid ... operators complain about unfair subsidies, the MTR has traditionally been part-funded by government-aided property developments, which then cross-subsidise the construction of new lines. One senior ...

  4. NWD in talks to privatise second project

    Posted Feb 06th 2004, 12:00am by Peggy Sito

    ... by Wai Kee on Tuesday. The two completed developments are the final PSPS projects following the government's decision to halt sales of subsidised housing to regulate new flat supply. ... housing project in Ngau Chi Wan into private flats. NWS group director Stewart Cheng Kam-chiu said companies of the group were pursuing a change in the status of the 2,010-unit Kingsford Terrace, ...

  5. Tung Chee-hwa queried details of land deal

    Posted Jun 03rd 2009, 12:00am by Staff Reporter

    ... the government's asking price of about HK$1.7 billion. Mr Leung was criticised in 2004 when the government sold the Hunghom Peninsula, a never-occupied subsidised housing estate, to a consortium including ... land premium discounts. Lastly, Mr Tung asked if the department had seriously considered other options- with either the government or the housing authority buying back all the flats. Mr Tong ...

  6. Developers to test mood of market with releases

    Posted Sep 11th 2003, 12:00am by Peggy Sito

    ... PCCW Infrastructure and Regal Hotels International are also planning to sell new flats this month in a bid to cash in on improved market sentiment. The releases are being seen as a barometer for gauging the mood of the housing market. Mr Chow said the company might announce the selling price of the Sham Wan flats next week. He said it would share profits from the sale of two of the three ...

  7. Chongqing launches huge public housing programme

    Posted Apr 07th 2010, 12:00am by Sandy Li

    ... Sandy Li in Chongqing With mainland property prices surging beyond the reach of many aspiring buyers, Chongqing hopes to lure disgruntled home seekers with a massive government-subsidised ... development. It has since become the fastest-growing city in the world, and to house the workforce needed to sustain that growth the city has launched the pilot subsidised scheme which is open to all ...

  8. Sandwich class left behind on market moves

    Posted Jan 06th 2010, 12:00am by Peggy Sito

    ... the Housing Society a premium which is equivalent to 35 per cent of the current market value, and in our case this will be more than HK$800,000.' As flats are sold under the scheme at subsidised ... Peggy Sito Property owner Carmen Lau's New Year wish is to upgrade her living standards by moving into a new apartment. But as Lau bought her flat when home prices peaked in 1997, ...

  9. SHKP profits up 60 per cent as it goes all out to build more flats

    Posted Mar 01st 2011, 12:00am by Sandy Li

    ... the first batch of 58 flats at an average price of HK$9,561 per square foot- about 50 per cent higher than completed flats nearby. Kwok defended the strategy, saying only special units at Avignon ...

  10. More complain of 'rubbish flats' at luxury project

    Posted Jan 22nd 2011, 12:00am by Peggy Sito

    ... Peggy Sito More buyers of the Mid-Levels property project The Icon are complaining about their 'rubbish flats'. Tanya Chan, Civic Party lawmaker, said she received fresh ... response to the controversy. Kan Fook Yee, a non-executive director, said the board planned to meet to discuss the issue. Winfoong has become the talk of the town since complaints by flat owners ...




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