Property Law | South China Morning Post
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Property Law

New Macau law to affect pre-sale supply

Sniper Capital's Joao Afonso, who manages The Fountainside project, is confident about sales over the next two years. Photo: Paggie Leung

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

Only two flats in Swire Properties' Dunbar Place sold at the weekend.

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

People browse models of the Green Code project. Photo: Nora Tam

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

There were 97 sales in the 50 largest private housing estates monitored by Ricacorp in the week to April 21. Photo: Edward Wong

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

German states are looking at a cap on rent hikes. Photo: Bloomberg

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 to try to offload the remaining units at One West Kowloon. Photo: Felix Wong

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

Updated promotional material has already been issued for Sun Hung Kai Properties' luxury Riva development on the Kam Tin River in Yuen Long. Photo: Sandy Li

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

Developers are offering sweeteners to clear inventory.

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

Sun Hung Kai Properties' Riva luxury units in Yuen Long. Photo: Sandy Li

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

Li Ka-shing. Photo: Felix Wong

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

Is legal loophole a financial noose?

Chairman of Cheung Kong Holdings Limited Li Ka-shing. Photo: Felix Wong

Say what you will about Cheung Kong supremo Li Ka-shing and his beloved lieutenant Justin Chiu Kwok-hung, the property duo certainly know how to stick it to the government and its recent measures against property speculation.

21 Feb 2013 - 5:46am 3 comments

Forced evictions grew more violent, resulted in 21 deaths last year

Forced evictions grew more violent, resulted in 21 deaths last year

Citing incomplete information, the Civil Rights and Livelihood organisation has documented a large number of forced evictions which took place during 2012.

29 Jan 2013 - 4:13pm

Scheme to dodge flats tax won't work, lawyers say

Lawyers agree that the idea of selling flats as shares in a company to avoid buyers duties is doomed for failure. Photo: Jonathan Wong

A developer's scheme to sell flats in the form of shares to help buyers escape stamp duty on property purchases will not work, tax experts say. The government recently announced that non-residents and buyers who use company names to buy flats will have to pay a stamp duty of 15 per cent of the purchase price of the flats.

5 Nov 2012 - 10:10am

Exco tightens regulations on disclosure of interests

The Executive Council yesterday endorsed tighter rules on the declaration of interests that include requiring members to disclose any interest in land or property held through a shelf company.

13 Jun 2012 - 12:00am

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