A luxury residential site up for tender in Ho Man Tin that had a price tag of more than HK$11 billion put on it by land surveyors attracted six bids before the tender closed yesterday.Saturday, 9 March, 2013, 5:28am
When it comes to market intervention, the less the better. In Hong Kong, the formula has been tried and tested and contributes to our success in being named the world's freest economy for many years. However, when market forces fail, the government is expected to step in. The series of measures introduced by the government to stabilise the red-hot property market is a case in point.4 Mar 2013 - 3:27am 2 comments
The financial secretary has dismissed criticism that the government was too slow in taking full control of Hong Kong’s land supply by scrapping the application list system, which was announced on Thursday.
Speaking on an RTHK English programme on Friday morning, John Tsang Chun-wah emphasised that the government took control – away from developers – as early as last year.1 Mar 2013 - 12:54pm
The government has taken over total control of land supply from developers by scrapping the application list system. Secretary for Development Paul Chan Mo-po announced the end of the system, which has operated since 1999, yesterday.1 Mar 2013 - 8:39am 3 comments
Twenty-three of the 28 residential sites added to this year's land-sale list will not be ready for sale until next year, raising concerns that the government is running out of stock for immediate land supply.1 Mar 2013 - 5:28am
Hong Kong’s government will scrap the land application list system – under which developers can trigger land auctions – in order to increase its control over the city’s land supply.
Secretary for Development Paul Chan Mo-po announced on Thursday the land application list system would be cancelled at the start of the 2013-14 financial year in April.28 Feb 2013 - 8:38pm
Edwin Tong Ka-hung, head of the Civil Engineering Office, criticised some outside analysis of the results of the engagement exercise as biased. Tong was responding to earlier accusations by WWF Hong Kong, which said it was dissatisfied with how the results were released and presented.25 Feb 2013 - 5:27am
All manner of innovative ways have been proposed by Hong Kong's government to increase land supply for housing. The latest take aim at sites occupied by the People's Liberation Army and private clubs. Every suggestion to ease the shortage is worth investigating. But the seemingly haphazard approach authorities are taking appears more like desperation than the result of careful planning.19 Feb 2013 - 5:03am 2 comments
HKU managed to create space to solve its land shortage problem by moving three service reservoirs into rock caverns excavated in the adjacent hillside.4 Feb 2013 - 4:40am
Housing was the dominant theme of Chief Executive Leung Chun-ying's maiden policy address last month. His plans include rezoning green-belt land, reclamation outside Victoria Harbour and stepping up production of public housing flats after 2018. But the range of measures he announced has drawn criticism, both from those who feel he has done too little and those who say he is taking the wrong options. We speak to developers, planners, academics and property agents about Leung's plans to fight soaring flat prices, build up a land bank and provide more subsidised homes.4 Feb 2013 - 4:58am 1 comment