https://www.scmp.com/rss/318314/feed Dorothy Chow is the national director of the valuation department at JLL en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The post-2047 land lease arrangements in Hong Kong have been causing public unease for over a decade now. 2047 may seem distant, but in fact the lease renewal issue is rather close at hand. As pointed out by the Secretary for Development, Michael Wong, in the Legislative Council last year, there are about 2,400 lots of current leases expiring on or before 29 June 2047, with the earliest one expiring in 2025. Owners should take care of the matter in advance to avoid any possible impairment on the... https://www.scmp.com/business/article/3104187/it-high-time-government-lays-out-guidelines-starts-post-2047-lease-renewal?utm_source=rss_feed https://www.scmp.com/business/article/3104187/it-high-time-government-lays-out-guidelines-starts-post-2047-lease-renewal?utm_source=rss_feed Tue, 06 Oct 2020 04:05:12 +0000 Developers in Hong Kong have always been very responsive to market changes. Building smaller residential flats is one of their recent reactions to market trend, but it is dubious that building too small flats is a sustainable way to satisfy the long-term housing needs. The Census and Statistics Department projected that average household size would decrease from 2.9 to 2.7 persons in the 30 years following 2014. The projection was based on the demographic trends of increase in never marriage... https://www.scmp.com/property/hong-kong-china/article/2074368/small-flats-cannot-solve-long-term-housing-needs-hong-kong?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2074368/small-flats-cannot-solve-long-term-housing-needs-hong-kong?utm_source=rss_feed Tue, 28 Feb 2017 08:03:46 +0000 In 2011, there were about 4,000 buildings aged 50 years or above in Hong Kong, according to the Development Bureau, with that number set to increase at a rate of 500 each year over the decade. The design life of a concrete structure is generally 50 years. The expected lifespan of concrete buildings can be substantially extended with proper maintenance. Many of these over 50 years old have no lifts and have substandard sanitary provisions. Quite a number are in imminent need of intensive repairs... https://www.scmp.com/property/hong-kong-china/article/1740307/costs-acquisition-deter-redevelopment-projects?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1740307/costs-acquisition-deter-redevelopment-projects?utm_source=rss_feed Tue, 17 Mar 2015 22:00:10 +0000