The Flats

Housing starts highest in 8 years

The number of construction starts on new flats in the city climbed to the highest in nearly eight years in the first six months of this year after the government increased land supply to cool down the overheated property market.

Saturday, 21 July, 2012, 12:00am

Luxury flat sales poorest this year

Luxury home sales over the weekend saw their worst performance this year, with developers managing to sell just 20 per cent of 285 flats on offer at two high-end projects - The Riverpark and Providence Peak - as fewer mainland buyers and a rising credit crunch across the border begin to bite.

11 Jun 2012 - 12:00am

Residents want cash not flats

Residents offered flat-for-flat compensation at a Ma Tau Kok redevelopment project have all rejected the offers, the Urban Renewal Authority said yesterday.

30 May 2012 - 12:00am

URA constructing a better image

The Urban Renewal Authority has had an image problem, often being likened to a bulldozer that colludes with property developers. Under a revised strategy, it is beginning to pay attention to the needs of residents and shopkeepers of areas being revitalised and it is slowly changing perceptions.

5 Mar 2012 - 12:00am

Subsidised flats system 'unfair'

An academic says the government should take back subsidised housing when the land leases expire - usually after 50 years - but waive land premiums when the flats are resold.

3 Jan 2012 - 12:00am

Rising demand for chic living - in a subdivided flat

Despite their reputation for being dirty, dangerous and overcrowded, subdivided flats are growing in popularity, according to a property agent who has found a ready market in the city for his Japanese-style units.

7 Dec 2011 - 12:00am

Man still living in blaze building

A tenant is still living in his subdivided cubicle in a Ma Tau Wai building that was swept by a fatal fire in June, although his landlord is racing against time to demolish the illegal structures.

9 Sep 2011 - 12:00am

Hole-drilling in building leaves residents in fear

Residents of an ageing Hung Hom building have been left terrified after fist-sized holes were drilled in the walls of several common areas last week. They fear they are intended as a threat to force them to move out.

17 Aug 2011 - 12:00am

Inspectors break into flats

Buildings Department officers broke into two subdivided flats in a dangerous building - invoking a rarely used power to carry out an inspection.

Accompanied by police, they entered the flats in a 52-year-old, eight-storey tenement on To Kwa Wan Road, Kowloon City, on Monday.

3 Aug 2011 - 12:00am

Elderly given payout option on no-frills flats

Elderly people displaced by redevelopments will be offered no-frills flats that cater for their needs, but they will not necessarily be cheap, the Urban Renewal Authority said yesterday as it announced details of the new compensation option.

22 Mar 2011 - 12:00am

Property market expected to stay hot

A substantial rise in new housing supply in the first half of this year will do nothing to cool the red-hot property market, analysts say.

Transport and Housing Bureau statistics show that about 7,000 flats were completed in the first six months of the year, equivalent to 97 per cent of the flats completed for the whole of 2009.

24 Jul 2010 - 12:00am

Developers water down new rules on flat sales

A new project in Tai Kok Tsui is falling far short of public expectations that, under new rules, half the total number of flats would now be offered for sale. Only 75 flats in the Hermitage will be on sale in the first batch, just 8 per cent of the total number.

22 Jun 2010 - 12:00am

Conduit Road sales will be 'done by July'

Henderson Land told the Lands Department yesterday that the sale transactions for all 25 flats at 39 Conduit Road would be completed by July, according to a person close to the developer.

The developer was asked in a letter to explain by today why only one transaction for a flat in the luxury block had been completed, when it claimed that 25 flats had been sold in October.

25 Mar 2010 - 12:00am

Housing Authority mulls options to boost resale of HOS flats

The Housing Authority will consider waiving the land premium or allowing it to be paid in instalments when Home Ownership Scheme flat owners sells their property in the secondary market.

5 Mar 2010 - 12:00am

URA considers monitoring sales practices of project partners

The Urban Renewal Authority says it will consider closer monitoring of the sales practices of its partner developers after a lawmaker warned of possible market manipulation with regard to the sale of flats at a luxury residential project.

26 Feb 2010 - 12:00am

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