• Fri
  • Apr 18, 2014
  • Updated: 5:08pm

Property Law

New Macau law to affect pre-sale supply

The law, which was approved by the Macau Legislative Assembly on May 21, aims to protect buyers by imposing conditions on the sale of unfinished flats and regulating sales procedures.

Wednesday, 29 May, 2013, 3:21am

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 previous week.

15 May 2013 - 3:06am 4 comments

New sales rules to curb launch of Hong Kong housing projects in short term

The Residential Properties (First-hand Sales) Ordinance, aimed at shielding buyers from dishonest sales practices, came into force on Monday and will affect the launch of new flats in the short term, say property analysts.

1 May 2013 - 3:44am

Hong Kong home sales slow as buyers wait to see effect of new rules

Hong Kong's secondary home market remained quiet last week and sales are likely to slow further until the implementation of a new law on sales practices that will take effect on Monday.

24 Apr 2013 - 5:20am

German cities plan tighter rent laws

State governments that oversee housing rules in Hamburg, Berlin, Munich and other cities planned to make it illegal to raise rents by more than 15 per cent in three years, according to government officials.

24 Apr 2013 - 5:20am

Scramble for sales precedes new law

Cheung Kong is offering additional sweeteners, on top of a price cut last month, to try to offload the remaining units at its Lai Chi Kok residential project.

18 Apr 2013 - 5:33am

Hong Kong developers halt sales while brochures rewritten for new rules

Developers will suspend sales of unsold flats at more than 30 new residential projects next week to comply with a new law requiring them to specify the size of flats in all their marketing material as well as provide additional information on the developments.

17 Apr 2013 - 5:31am 3 comments

Developers rush to sell flats before new curbs start

Sun Hung Kai Properties has started a soft launch of its Riva development in Yuen Long that offers about 780 units, with 25 blocks of low-density luxury apartments and 48 riverside garden houses.

5 Apr 2013 - 5:53am

Hong Kong's new disclosure rules on flats not enough

There are few ways to guarantee profits in a free market. One is monopoly; another is asymmetric information. Our largest developers have, for a long time, enjoyed advantages in both. So a new law - which aims to protect buyers from dishonest practices and which takes effect at the end of April - is long overdue. 

31 Mar 2013 - 2:08am 2 comments

Nervous investors in Apex Horizon hotel suites seek police help

Between the four buyers they bought three units at the Apex Horizon in Kwai Chung in a provisional agreement reached last Wednesday, but it emerged yesterday that they were given what a lawmaker called a "surprisingly short" six days to conclude formal agreements - by tomorrow.

25 Feb 2013 - 5:27am 11 comments

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