government

5 Market Moving Property Points from the 2018-2019 Hong Kong Budget

On 28th February, Hong Kong Financial Secretary Paul Chan Mo-po announced the 2018-2019 budget. Mr. Chan stated that he was cautiously optimistic about Hong Kong’s economic prospects. Although he admitted that property prices had soared beyond the affordability of ordinary citizens over the past years, he believed that the key factors underpinning soaring property prices over the past few years were gradually undergoing …

Doris Liu - March 7, 2018

Public Housing = Poor Living Conditions? These Asian Countries Say No!

In Hong Kong, living in public houses is a symbol of lower-income residents. But the case differs in Singapore, Taiwan and Korea. Public housing in these countries are tourists’ favorites and the living environments are good. Do you know what are the differences between government housing in these places? Hong Kong There are two types of public housing in Hong …

Doris Liu - January 9, 2018

5 Great Ways to Use the Rating and Valuation Department

When someone talks about ‘Rating and Valuation Department’ (RVD), what is the first thing that pops up to your mind? Rates, government rent or valuation of properties? In addition to calculating and collecting the rates and government rent of your property, RVD actually delivers a lot more services to the public. Here are 5 useful services that you might have never …

Tracy Lam - December 6, 2017

A Simplified Guide to Hong Kong’s Stamp Duty

Buying a new home is exciting! Yet in Hong Kong, you better be familiar with the current stamp duty (taxes) policies or you might end up shocked by what you have to pay for a new apartment in this city – already some of the world’s most expensive and unaffordable homes. What is stamp duty? Stamp duty is tax to …

Tracy Lam - November 29, 2017

10/10 News Roundup: URA received 9 tenders for Peel Street commercial site

URA received 9 tenders for Peel Street commercial site The Urban Renewal Authority (URA) received 9 tenders for a 29,000-square-foot commercial development site on Peel Street and Graham Street in Central. The project to be built on the site will provide a gross floor area of not more than 434,000 sq ft for office, hotel and retail purposes, as well …

Tracy Lam - October 10, 2017

6/16 News Roundup: HKMA Followed US Fed’s Rate Hike, AVA 61 Pricing Above HK$20,000/sf

HKMA Followed US Fed’s Rate Hike The Hong Kong Monetary Authority yesterday raised the base rate by 25 basis points to 1.5%, following the US Federal Reserve’s interest rate hike. Chief executive Norman Chan Tak-lam said the HKMA tends to follow the monetary policy set by the Fed since the Hong Kong dollar is pegged to the US greenback. He …

Tracy Lam - June 16, 2017

6/15 News Roundup: US Fed Raised Interest Rates by 0.25%, AVA 61 Rolling Out the Smallest New Flats in Kowloon

US Fed Raised Interest Rates by 0.25% The Federal Reserve raised interest rates on Wednesday for the second time in three months, by a quarter percentage point to a target range of 1% to 1.25% as it proceeds with its first tightening cycle in more than a decade. The Fed’s policy-setting committee indicated the economy had been expanding moderately, the …

Tracy Lam - June 15, 2017