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  • July 11, 2014
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  1. News - Hong Kong - PROPERTY

    No plans to ditch property speculation cooling measures, says Carrie Lam

    Posted May 13th 2014, 03:51am by Gary Cheung, Peggy Sito and Ng Kang-chung

    ... Gary Cheung, Peggy Sito and Ng Kang-chung Government flexibility may be limited to relaxing measure that doubles stamp duty on some property transactions Acting chief executive Carrie Lam ... committee said it was too harsh. On Tuesday, Lam said that the government would be prepared to allow some flexibility to benefit “genuine buyers”. But she was quick to add: “To stabilise the market, ...

  2. News - Hong Kong - PROPERTY

    Legco unlikely to pass lawmaker's stamp duty refund plan

    Posted Jul 11th 2014, 03:55am by JEFFIE LAM, Yvonne Liu

    ... Jeffie Lam and Yvonne Liu Radical support against stamp duty refund plan A pan-democratic legislator's idea of refunding stamp duty to firms that hold on to properties for more three years is likely to fail in the Legislative Council, after the government secured rare support from radical lawmakers. The policy would lower the business costs of companies with firm commitments ...

  3. Property - Hong Kong & China - PROPERTY

    Increase in land supply helps small developers compete with big firms

    Posted Jul 01st 2014, 04:11am by Sandy Li

    ... billion, the first time it had done so in 25 years. The record-low winning bid was equivalent to HK$3,300 per square foot. Thomas Lam, the head of valuation and consultancy at property agency ... players," Lam said. The secretary for development, Paul Chan Mo-po, said in his blog on June 29: "We have seen many participants in government land sales in the past two years. [The] market ...

  4. News - Hong Kong - PROPERTY

    Property stamp duty concessions fail to impress lawmakers

    Posted May 13th 2014, 11:37pm by FANNY FUNG, Sandy Li, Tanna Chong

    ... their old flat. "We consider it a unified, simple and clear way to set a period," Chan replied. Lawmakers representing business, including Abraham Razack, Andrew Leung Kwan-yuen and Lam ...

  5. Property - Hong Kong & China - PROPERTY

    Mainland Chinese tourist boom sparking hotel conversions in Hong Kong's residential areas

    Posted Mar 17th 2014, 12:51am by Yvonne Liu

    ... tourists keen to stay at a hotel close to the Hung Hom train station and Tsim Sha Tsui. Meanwhile, Barry Law Lam-wai, the former owner of real estate agency Ricacorp Properties, applied to convert ... is where the opportunity lies and also why we are seeing more conversions of older industrial buildings into lower-tier hotels to meet this room demand," he said. However, William Cheng ...

  6. News - Hong Kong - PROPERTY

    June 4 museum in legal threat ahead of opening

    Posted Apr 07th 2014, 04:54am by JEFFIE LAM

    ... Jeffie Lam jeffie.lam@scmp.com June 4 museum in legal threat ahead of opening The group behind the world's first museum dedicated to the Tiananmen Square crackdown- due to open in Hong Kong this month- has been warned that it may be violating property deeds. The Hong Kong Alliance in Support of Patriotic Democratic Movements in China said it intended to go ahead and open ...

  7. Property - Hong Kong & China - PROPERTY

    Developer price cuts entice buyers into HK$20b spending spree

    Posted Mar 06th 2014, 01:19am by Sandy Li

    ... it generated HK$4.5 billion from sales at two projects since November. Chung Chi-lam, a general manager of the developer's property department, said it sold 765 units at the Visionary in Tung ...

  8. News - Hong Kong - PROPERTY

    Higher stamp duties approved by Legco 16 months after being imposed

    Posted Feb 23rd 2014, 05:11am by Tony Cheung

    ... Controversy continued when it emerged that Jeffrey Lam Kin-fung of the Business and Professionals Alliance- who is also an executive councillor- was not present for the vote, sparking disquiet in the government camp. Lam refused say why he was absent when asked last night. The pan-democrat walkout was in protest against housing minister Professor Anthony Cheung Bing-leung's refusal to offer ...

  9. News - Hong Kong - PROPERTY

    Property market in 'dangerous situation', warns Lam Woon-kwong

    Posted Feb 05th 2013, 12:00am by Tony Cheung and Gary Cheung

    ... damage the efforts of town planners, Executive Council convenor Lam Woon-kwong cautions. In an interview with the South China Morning Post , Lam also warned that speculative buying had put ... speech, Lam cautioned that "some knee-jerk reactions could in due course do permanent damage". He cited Tseung Kwan O as an example, noting that the town was originally planned to have ...

  10. News - Hong Kong - PROPERTY

    Changes to stamp duty adjustment system to incorporate different approaches

    Posted Feb 15th 2014, 03:46am by Tanna Chong

    ... to cool property prices, depending on whether it would be increased, reduced or scrapped. His announcement came just hours after executive councillors Starry Lee Wai-king and Jeffrey Lam Kin-fung ...




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