Tag: hong kong government

The Home Ownership Scheme: Under Public Scrutiny

Hong Kong property ownership remains unobtainable for many, triggering a pessimistic outlook on the future of this city as the rich become richer and the poor become poorer. What has the government done to address this and have they done enough? 17 November 2016 - It is no secret that Hong Kong is mired by one of the world’s most drastic divides o

Impact of the Policy Address's housing strategy to be limited in the short term

16 January 2015 - In terms of Hong Kong property, this year’s Policy Address continued to focus on boosting housing and land supply, with no mention of any adjustment to the cooling measures currently in place. Many have expressed doubts over the achievability of the proposed housing strategy, and criticized the lack of a short term solution to th

Critics doubtful of Government’s 480K housing supply target

22 December 2014 - The Government announced last week its intention to raise the 10-year housing supply target to 480,000 units, with critics suggesting that the number is not high enough yet difficult to achieve. In the coming decade, the target includes 200,000 public rental housing units, 90,000 subsidized sale flats, and 190,000 private housin

Six plots to be put up for tender in Q4 2014

25 September 2014 - The HK Government announced yesterday that six plots of land will be put up for tender in the fourth quarter of 2014 to address growing home demand. Combined with sites offered by the MTR Corporation (0066) and the Urban Renewal Authority, a total of up to 6,700 units could be built if bids are successful. Secretary for Develop

Building Department approves 132 building plans in first seven months of 2014

10 September 2014 - Developers have become more active in seeking out the approval of floor plan designs for their residential developments. Hong Kong Economic Journal reported that the Buildings Department received 239 building plan approval applications during the first seven months of the year, marking a 61.5% increase year-on-year. In addition

Chan Ka-keung: Government will take action should property speculation recur

13 August 2014 - Commenting on the Hong Kong property market's recent increase in transactions, the Secretary for Financial Services and the Treasury, Ceajer Chan Ka-keung, yesterday expressed in a media luncheon that the risk of correction in the property market is much more obvious than 2 years ago. The Government will closely monitor the status

John Tsang reminds the public to beware of hot sentiment

20 July 2014 - The Financial Secretary of Hong Kong, John Tsang Chun-wah, recently expressed in his blog that he is relieved that the Double Stamp Duty was approved by Legco within the 2014 Legislative Session. Tsang mentioned that demand in the property market has eased after implemention of the Special Stamp Duty, Buyer Stamp Duty and Double Sta

CY’s report card criticised for ‘hiding evils’

25 June 2014 - “Significant progress” has been achieved on tackling the city’s housing shortage and fighting poverty, Chief Executive Leung Chun-ying said yesterday as he announced the release of an annual report covering his second year as the city's leader. SCMP reported that some political parties said the report is too glossy, appearing to be
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