Public Housing

Developers may name land premium in bids for new MTR site

The government is not expecting to receive as much land premium as it originally sought for the site at the Tin Wing Light Rail stop. Photo: Felix Wong

The unusual absence of a specific land premium payable in the latest tender document for a large residential site owned by MTR Corp in Tin Shui Wai signals the government’s desperation to achieve its housing target for this fiscal year.

Wednesday, 1 January, 2014, 11:30am

'Caged animals' with no other options

Henry Cheung, a 51-year-old cleaner, says his children don't know he is living in a subdivided flat in Sham Shui Po. Photo: Nora Tam

For some young single people who earn very little, subdivided homes are the only option when they can no longer stay at home because of family problems.

17 Jun 2013 - 5:39am

Sellers of public housing asking 'jackpot' prices and driving off buyers

'Jackpot' prices drive off buyers

"Asking prices of public housing flats have surged by 30 to 50 per cent in the last two months," Fullmark Property Agency sales manager Kim Chan Shek-kam said. "Sellers are setting prices as if they want to try their luck by winning the Mark Six jackpot, despite the fact they can hardly find any buyers at those prices."

12 Jun 2013 - 4:07am 2 comments

'White form' applicants push up flat prices of HOS and public housing

5,000 balloted  'white form' applicants for the new system now have six months to buy HOS flats on the resale market from this month.

Chief Executive Leung Chun-ying announced in July last year that 5,000 "white form" applicants for HOS flats - prospective buyers of subsidised units currently living in private flats and who do not receive a housing subsidy - would be able to buy second-hand HOS flats without paying a land premium.

5 Jun 2013 - 4:40am

Hong Kong's long road to better housing

Rehousing people who are forced to live in substandard, subdivided flats should be the priority of any developed society. Photo: AFP

Rehousing people who are forced to live in substandard, subdivided flats should be the priority of any developed society. Hong Kong has had a problem just counting these people accurately. According to the Census and Statistics Department the number fell from 58,300 in 2006 to 32,800 in 2011. Last October it put the figure at 69,400.

29 May 2013 - 6:16am 1 comment

Land reclamation is not the answer to public housing shortage

Newly reclaimed land from Central to Wan Chai and what it used to look like with the old Star Ferry Pier. Photo: Sam Tsang

Passions were running high last Saturday as government officials met the public for the second stage of consultation on reclamation in Hong Kong waters.

17 May 2013 - 3:17am 1 comment

China could learn from Singapore's public housing model

China could learn from Singapore's public housing model

Even with the small dip after strong control measures, housing prices in Hong Kong remain near a historic high. With its property among the most expensive in the world, Hong Kong has long grappled with the problem of housing affordability. To effectively address it, a co-ordinated programme should have been put in place more than two decades ago. Yet mainland China has worse housing problems than Hong Kong. But it is not too late to fix it.

17 Apr 2013 - 3:25am 1 comment

Singapore estate where they pee and smoke in the lifts

A public housing apartment block in Singapore. Photo: Bloomberg

Lifts in Singapore's blocks of public housing are still sometimes being used as toilets to the fury of residents despite a long government campaign to eradicate the habit, a report said yesterday.

8 Apr 2013 - 4:04am

Socam to cash out China projects

Socam Development's Four Seasons Place Pudong in Shanghai. The property developer plans to aggressively cash in its mainland properties.

Property developer and contractor Socam Development will aggressively cash in its mainland properties and pursue opportunities in Hong Kong's expanded building programme for public housing and infrastructure.

28 Mar 2013 - 6:31am

Fire at Tsueng Kwan O estate injures four

Firemen investigate the cause of the blaze that badly damaged the 10th-floor flat of Tak Yue House at Hau Tak Estate in Tseung Kwan O. Photo: David Wong

Four people were sent to hospital and about 100 others evacuated after fire broke out at a public housing block in Tseung Kwan O on Tuesday morning. One male resident suffered serious burns while three others felt unwell suffering from smoke inhalation. About 100 residents had to be evacuated to an open area on the ground.

19 Mar 2013 - 11:55pm

Enough funds for public housing

The Housing Authority's latest budget shows that it will continue to have sufficient financial resources to implement the public housing construction and other programmes. Photo: Bloomberg

The Housing Authority has a five-year rolling public housing construction programme. This is reviewed and adjusted annually in accordance with the latest demand and supply situation.

13 Mar 2013 - 3:00am

Public housing tenant guilty of laundering HK$6.7b in four years

Public housing tenant guilty of laundering HK$6.7b in four years

A public housing tenant was yesterday convicted in the Court of First Instance of laundering HK$6.7 billion through nine Hong Kong banks in four years. The court heard yesterday that police became aware of 61-year-old Lam Mei-ling's money-laundering scheme when investigating a fraud complaint filed in 2008 by a citizen of the Netherlands, involving HK$300,000.

12 Mar 2013 - 5:44am 10 comments

Use stamp duty windfall for those priced out of property market

Public housing in Hong Kong. Photo: Reuters

The inflow of hot money in recent years has fuelled speculation in the local property market, pushing up prices and making it impossible for many Hongkongers to get on the ladder.

7 May 2015 - 12:48pm 3 comments

Housing blocks 'will stop wind flow'

Frederick Fung Kin-kee

A public housing project planned near the harbourfront will serve as a "huge wall", blocking wind flow to West Kowloon neighbourhoods, district councillors said yesterday, after changes to the proposal were revealed.

6 Mar 2013 - 4:35am

Talking points

Martha Karua

Kenyans head to the polls for the first time since a new constitution was passed in 2010 to reform the political system and ease ethnic divides. Leading the race of eight presidential candidates are Uhuru Kenyatta and Raila Odinga, the sons of Kenya's first post-independence president and vice-president respectively. 

4 Mar 2013 - 3:27am