Outdated government policy on rent subsidies is forcing the poor to live in inhumane conditions, according to one welfare recipient who is preparing to take the government to court to change the system.Saturday, 8 September, 2012, 2:44am
Ninety per cent of respondents to a survey said they find home prices too high, while those polled also had mixed feelings about Chief Executive Leung Chun-ying's housing policy.30 Aug 2012 - 3:36am
There is only one store doing business on this street in Kwun Tong; the others are locked up - bought out for redevelopment by the government.15 Aug 2012 - 11:07pm
The luxury leasing market is sending mixed signals with more rentals but falling rents. Figures from Ricacorp show transactions in June were the highest in 11 months, at 232. New Territories performed the strongest with Palazzo in Fo Tan recording 55 per cent more deals than May. Transactions in Kowloon, however, fell.15 Aug 2012 - 10:54pm
Today marks the end of a legal tangle over a property lease for mainland student Zhang Mengtao.
'I am just relieved that it is finally over,' said Zhang, who made the mistake of subletting her rented flat without letting her landlord or agents know - a pitfall into which many mainland students have evidently fallen as they seek to save additional charges for amending leases.15 Aug 2012 - 10:42pm
Up to one-tenth of senior civil servants cross-leased their properties to gain as much benefit as possible from rental subsidies, a senior government officer says.
Philip Kwok Chi-tak, chairman of the Senior Government Officers' Association, yesterday explained why the perk, known as the private tenancy allowance, was the preferred option for senior civil servants.14 Jul 2012 - 12:00am
After a flurry of buying sprees in the first quarter of this year, backed by pent-up demand, sales have significantly slowed recently. But leasing transactions remain brisk as more people turn to the rental market.6 Jul 2012 - 12:00am
Demand for prime, high-end residential properties in Hong Kong is weakening, forcing landlords to lower their asking rents by as much as 20 per cent.
This comes as global financial institutions place their expansion plans on hold and reduce housing allowances for expatriate staff due to the world's grim economic outlook.20 Jun 2012 - 12:00am
Executive councillor Anthony Cheung Bing-leung, who is widely tipped to be the next housing minister, said publicly for the first time that the mechanism determining public rent should be reviewed.8 Jun 2012 - 12:00am
How much tenants should pay for public rental housing should be a straightforward affair after a revamp in the rent adjustment mechanism in 2008. The Housing Authority has adopted a method that allows both rent increases and cuts according to changes in average household income.26 May 2012 - 12:00am
The Housing Authority has decided to give public housing tenants a one-month rent waiver to ease the pain of a 10 per cent rent rise, but it says tenants should not take such relief measures for granted in future.
The HK$1 billion waiver will be given in September, the month the 10 per cent increase kicks in.25 May 2012 - 12:00am
About 100 people protested against the rent rise, the maximum allowed by law and the highest rise since 1997, at the [Housing A]uthority's Ho Man Tin headquarters yesterday ... The demonstrators, from different political parties and concern groups, called the authority a 'bloodsucker' and some burned banners.
SCMP, May 2324 May 2012 - 12:00am
As protesters demonstrated against a proposed 10 per cent rise in rent for public housing, a Housing Authority member unveiled a move that could cut the rise down to 5.4 per cent over two years.23 May 2012 - 12:00am
A consortium led by National Electronics has made Hong Kong's biggest sale of office space this year.
The sale of the new grade A office building in Central for HK$4.88 billion is also the largest investment deal this year, and the cost is the highest per square foot yet achieved.9 May 2012 - 12:00am
The boss of a shipyard says the government is killing the marine industry, after it was ordered to leave its premises with just two days' notice.
Thomson Lee, managing director of Harbour Jet Shipping in Ap Lei Chau, says Lands Department and police officers came to the premises he has sub-leased for 10 years and said he must clear the site by today.28 Apr 2012 - 12:00am