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Stamp duty on residential property deals raised to 15%

Latest SAR government’s supportive measure to local home hopefuls Hong Kong residential real estate deals will be subjected to stamp duty of 15 percent of the value from midnight of 5th November, announced at a briefing involving the Chief Executive… Continue Reading →

HK private home prices mark record high of 2016

Prices 3.46pc lower than their peak in September 2015 According to data released by the Rating and Valuation Department on 31st October, Hong Kong home prices rose by 2.78 percent in September (a month-to-month growth rate), marking 8.88 percent the… Continue Reading →

Tiny “Space Capsule” homes spring up in Hong Kong

Netizens mock the idea as a moden twist of “coffin apartment” and “dog house” Being seen on a website of local properties platform, a dozen tiny 20-square-foot capsules come with a television, air conditioning, memory foam and pillow for single… Continue Reading →

Meet new MTR stations: Ho Man Tin and Whampoa

Welcome to all-time high property price in the communities Mass Transport Railway(MTR:0066.HK) has extended its Kwun Tong line with the opening of Whampoa and Ho Man Tin stations on 26th October. The railway links these 2 regions where are mostly… Continue Reading →

Hong Kong post-2047 land lease is alarming

Rising risk of Hong Kong property market The uncertainty of Hong Kong’s post-2047 political system that the year when Bejing’s pledge of keeping Hong Kong’s system unchanged for 50 years after Hong Kong sovereignty was handed from British to the… Continue Reading →

China businessman jailed trying to bribe HSBC staff

In hope that the bank’s officer can facilitate his account opening application for his company Background: HSBC has recently tightened requirements for opening company accounts in Hong Kong to comply with anti-fraud regulations, and international anti-money laundering and counterterrorist financing… Continue Reading →

Hong Kong drops to 9th on global competitiveness ranking

The city-state retains its place in top 10 for 5 consecutive year: strong infrastructure helps, weak innovation drags. The Global Competitiveness Report 2016-2017 was released on 28th September by the World Economic Forum, a Geneva- based non-profit foundation. The report… Continue Reading →

Photographer sheds light on hardship of the deprived

Tin sheds on rooftop, coffin cubicles, and “cage houses” are homes of 200,000 poor Hongkong-ers In 2016, Society for Community Organization (SoCO) are working with photographer Benny Lam again to jointly organize a “Trapped” photo exhibition, highlighting poor housing in… Continue Reading →

HSBC rents co-working space for cutting cost?

The biggest deal of membership subscription in Hong Kong yet: 300 I.T. specialists are moved to a hot-desking site in Causeway Bay Setting up transitional office in Causeway Bay to house its digital and transformation teams requires long-term leasing contract… Continue Reading →

China insurers accelerate equity investment in Hong Kong

China‚Äôs insurance funds are allowed to invest in the Hong Kong equity market through the Shanghai-Hong Kong Stock Connect scheme In 2012 Beijing announced it would allow insurance companies to invest up to 15 per cent of their assets overseas… Continue Reading →

Hong Kong home-built plane flies around the world

Two-seater aircraft built by Hong Kong pilot and students takes off to journey over 25 countries Hong Kong’s first-ever homebuilt aircraft by Hong Kong pilot and students was back in the city after its test flights after its flight certification… Continue Reading →

8000 HK-ers flocked to home flat viewing

Developers are selling flats at lower-than-expected price Sun Hung Kai Properties (SEHK:0016), sole developer of Yoho Town project which is a multi-phase residential housing and shopping malls complex adjunct to Yuen Long MTR station, said more than 8,000 people visited… Continue Reading →

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