Hong Kong & China | South China Morning Post

Capital gains tax on second-home transactions hits property prices

On average, prices rose 0.61 per cent, against 0.65 per cent in March. But on a year-on-year basis, average new-home prices rose 4.9 per cent in April, according to a Reuters calculation based on...

6:13AM

Lawyers call for SFC to explore criminal probe into Apex deal

Lawyers have urged the securities regulator to continue exploring the potential for a criminal investigation into Cheung Kong's controversial sales of hotel suites in Kwai Chung despite its pact...

5:55AM

Apex Horizon compensation hopes dashed

Buyers' hopes of seeking extra compensation were dashed when Cheung Kong said in a statement that there was no condition offering refunds of double the deposits in the preliminary and formal sale-...

5:33AM

Market changes call for stamp duty alternative

The current Buyers Stamp Duty (BSD) is only really effective in a rising market and a more equitable form of tax such as a Capital Gains Tax (CGT) now needs to be planned for and implemented as a...

3:06AM

Hong Kong home rents fall as owners cancel sale plans amid falling prices

In the Lohas Park development in Tseung Kwan O, rents dropped by up to 20 per cent last month, taking rates back to the same level as early last year, according to Alvin Ma, a senior district...

3:06AM

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Sales in Hong Kong secondary home market rise as primary releases evaporate

Data from Ricacorp Properties showed that for the week ended May 12, 176 second-hand flats were sold in the 50 largest private housing estates it monitors, up 24 per cent from 142 sales the...

3:06AM

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China home sales show mixed results after cooling measures

Figures released by the National Bureau of Statistics show residential sales' values jumped 57 per cent year-on-year last month, but were down 13 per cent month-on-month.

3:06AM

Walter Kwok urges revival of land exchange scheme

The government should revive land exchange entitlements to speed up its plan for large-scale rural redevelopment in the New Territories, according to Walter Kwok Ping-sheung, the former chairman...

4:01AM

HK$1.9b price tag on pair of new sites

The site in Sha Tin's Kau To covers 64,046 square feet. It is located atop the Kau To hill and is close to a site owned by Sun Hung Kai Properties. It could yield a total gross floor area of up to...

4:04AM

Cheung Kong's sales of Apex Horizon hotel suites cancelled over investment breach

Cheung Kong (Holdings) will refund deposits and cancel the sales of its hotel suites after a securities watchdog probe found the deals breached the law as unauthorised investments.

9:57AM

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ANALYSIS

Cheung Kong loses out over Apex

Cheung Kong has emerged as the loser in the nearly three-month long tussle with the government over the controversial sale of its hotel development at Kwai Chung.

4:05AM

China April home sales fall 13pc on month as curbs hit; up 69pc on year

The value of private home sales on the mainland last month dropped 13 per cent on the month to 494.6 billion yuan (HK$624.5 billion) after the authorities imposed measures to curb soaring prices...

3:32AM

High-rise ruling swells costs

Developers wishing to replace houses with high-rises will in many cases have to pay a land premium after a game-changing ruling from the city's top court. The ruling could result in billions of...

4:29AM