Outdated government policy on rent subsidies is forcing the poor to live in inhumane conditions, according to one welfare recipient who is preparing to take the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