A rare Hong Kong government incentive for developers will help revive old neighbourhoods such as Sham Shui Po, where more redevelopment projects have stalled amid a sluggish property market, analysts have said. They said on Thursday that the bonus plot ratio pilot scheme, due to launch next month, would provide private developers with a financial…
Hong Kong lawmaker Duncan Chiu owns 54 properties at home and overseas, more than any of the other 89 lawmakers, a review of their declaration of interests shows. But Chiu indicated that he is considering selling his properties in the West, citing geopolitical risks and his limited time for managing them. Chiu, the son of…
New, younger faces have won nearly half of the 90 seats in Hong Kong’s second “patriots-only” Legislative Council, and their immediate task will be to tackle the aftermath of the deadly Tai Po fire and implement systemic reforms. The Sunday poll drew a 31.9 per cent turnout rate, with Chief Executive John Lee Ka-chiu declaring…