UpdatePRESS DIGEST - Top stories in Hong Kong and Mainland China newspapers on January 15

These are the leading stories in Hong Kong and mainland newspapers and websites on Thursday. The South China Morning Post has not verified these stories.

Hong Kong will add 14,600 new residential flats on average annually for the coming five years, up nearly 30 per cent compared with an average of 11,400 flats in the past five years, according to the 2015 policy address by CY Leung yesterday. Last year, up to 26 land parcels were included in the government’s auction list and will be rolled out to the market in the coming two years. (Hong Kong Economic Times)

Hong Kong property prices are likely to see a single-digit decline in the second half this year after the Hong Kong government address said it would boost residential home supply in the coming five years, said Bank of China Hong Kong economic analyst Zhuo Liang. (Hong Kong Economic Times)

Hong Kong’s suspension to an investor immigration plan is likely to reduce HK$30 billion of capital inflows to the city each year, as the city shuts the door to deep-pocketed mainlanders who are seeking Hong Kong passports. Local equity markets and sales of high-yield corporate bonds, mutual funds and insurance products could be impacted the most, market watchers said. (Wen Wei Po)

Hong Kong may have seen 38,000 suspected money laundering cases in 2014, up 15.5 per cent from a year earlier, according to a report released by Ernst & Young. It remains to be seen whether the Hong Kong-Shanghai stock connect will become a new seedbed of crime, the accounting firm said. (Tai Kung Po)

Bond holders of Shenzhen-based Kaisa Group Holdings have hired a law firm to seek claims on their unpaid debts. The property developer missed a deadline to pay a US$26 million bond coupon on its US$500 million bond issue. (Hong Kong Economic Journal)