Real Estate Development

New projects planned

Cheung Kong Holdings plans to sell more than 4,000 flats this year in eight new projects, expected to bring in revenue in excess of HK$30 billion, similar to last year.

Friday, 17 February, 2012, 12:00am

CHALLENGING YEAR

Beijing-based property developer Zhang Xin has made a name for herself and her husband in the mainland property market.

Now, according to news reports, the co-founder of SOHO China is worried that property cooling measures launched by the central government are hurting sales and threatening to send debt-laden property developers to the wall.

3 Nov 2011 - 12:00am

Law on forced sales needs a rethink

The revised law on the compulsory sale of old flats was supposed to help speed up urban renewal. Instead, it has become a rallying point for activists and disgruntled flat owners against big developers and their agents. Critics cite the law as proof of collusion between developers and the government. Whether or not that's true, the law is a difficult one to defend.

18 Aug 2011 - 12:00am

Property row does little for public confidence

Self-regulation is often regarded by some as the best approach for an industry in Hong Kong society. Only when industry practitioners fail to put the house in order should the government intervene for the sake of public interest. But this formula may not always work.

9 May 2011 - 12:00am

Court ruling offers hope to Mei Foo residents

A recent judgment in a long-running dispute over plans to develop a site in North Point may offer hope to Mei Foo residents fighting a proposed high-rise building near their homes.

5 Apr 2011 - 12:00am

Sales curbs may extend to 'rubbish dump' flats

A government committee responded to public outrage over pricey new flats being handed to their owners in 'rubbish dump' condition by saying that proposed laws regulating sales should extend to new homes on sites with unrestricted land leases.

18 Jan 2011 - 12:00am

Property tycoons' club pays to find out what we think of them

It's a club whose members include many of the city's richest people - men like Stanley Ho Hung-sun, Li Ka-shing, Cheng Yu-tung, Lee Shau-kee and Gordon Wu Ying-sheung.

And they want to know what you really think of them.

1 Aug 2010 - 12:00am

Rules for fairer flat sales set out

New rules requiring developers to give better information to buyers of uncompleted flats, and more details about flats sold to senior executives, have been proposed by the government in response to complaints about unfair sales tactics and suspected market manipulation.

13 Apr 2010 - 12:00am

Alarm at Beijing plan to punish developers who leave land idle

Property developers have reacted with alarm to reports that Beijing plans to enforce a nationwide crackdown on developers found guilty of leaving sites idle for speculative land banking purposes.

20 Jan 2010 - 12:00am

Developers prepared to adopt guidelines

Private developers are prepared to adopt a revised formula for assessing the saleable area of flats if it proves to be more useful for home buyers to work out exactly what they are getting, industry insiders have said.

Representatives of the Hong Kong Institute of Surveyors and the Real Estate Developers Association met yesterday to discuss revisions to the guidelines.

25 Jan 2008 - 12:00am

Real estate marketing practices draw flak

Hong Kong's largest property developers, under pressure to curb questionable marketing practices among some of their members, face continued criticism after taking steps to police their own ranks.

27 Dec 2006 - 12:00am

45 land sites expected to generate up to $95b

But developers still critical of 'inflexible' application list system for auctions

Developers will be invited to bid for 45 sites in the coming financial year. If all are snapped up, land sales will earn the government $95 billion, property agent Midland Realty says.

18 Mar 2006 - 12:00am

Retail charges baffle players

Extra land premium seen as increasing investment costs

Developers and surveyors have criticised the government for charging an extra land premium for retail portions of development sites.

They said the way the new charge was calculated was unclear and would therefore increase investment risk and total investment costs.

1 Mar 2006 - 12:00am

Revised plan 'can dispel profit fears'

The revised plan for the West Kowloon Cultural District could retain the best of a single-developer concept and dispel public criticism over profits being pocketed by one party, the secretary for home affairs says.

10 Oct 2005 - 12:00am

Hunghom developers unfazed by rejection

Problem is a minor one involving emergency exits

Developers will resubmit their plans for a luxury upgrade of the harbourfront Hunghom Peninsula estate as early as next week, after learning they were rejected because of a minor problem with emergency exits.

13 Aug 2005 - 12:00am

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