Should Hong Kong hit Redhill Peninsula homeowners with heavier fines for illegal works?

Should Hong Kong hit Redhill Peninsula homeowners with heavier fines for illegal works?

Hong Kong authorities should appeal against the “light” penalties imposed on two property owners for erecting illegal structures at their luxury Redhill Peninsula homes, experts have said, warning that the fines are not hefty enough to deter offenders. The specialists weighed in after the two property owners were told to pay more than HK$110,000 (US$14,015)…

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Is Hong Kong’s system of assessing land demand broken and in need of reform? Experts weigh in

Is Hong Kong’s system of assessing land demand broken and in need of reform? Experts weigh in

Hong Kong should reassess its demand for land, taking into consideration structural economic changes and the government’s operating budget deficit, a leading finance policy adviser and a veteran surveyor said as the city leader dismissed his predecessor’s concerns about oversupply. Professor Liu Pak-wai, a director at the Hong Kong Institute of Monetary Research under the…

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Is Hong Kong’s system of assessing land demand broken and in need of reform? Experts weigh in

Is Hong Kong’s system of assessing land demand broken and in need of reform? Experts weigh in

Hong Kong should reassess its demand for land, taking into consideration structural economic changes and the government’s operating budget deficit, a leading finance policy adviser and a veteran surveyor said as the city leader dismissed his predecessor’s concerns about oversupply. Professor Liu Pak-wai, a director at the Hong Kong Institute of Monetary Research under the…

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