A homeowner in Redhill Peninsula has been fined HK$150,000 (US$19,230) after pleading guilty to carrying out unauthorised building works, marking the 12th conviction following Hong Kong authorities’ crackdown on illegal construction. The owner of a detached home in the private housing estate on Hong Kong Island admitted at Eastern Court on Friday that he knowingly…
Another homeowner in Redhill Peninsula has been found guilty of carrying out unauthorised building works and fined HK$150,000 (US$19,230), marking the 12th conviction after Hong Kong authorities’ crackdown on illegal construction. The owner of a detached home in the private housing estate on Hong Kong Island pleaded guilty at Eastern Court on Friday to knowingly…
Analysts said they had mixed views about Sun Hung Kai Properties’ (SHKP) shares after Hong Kong’s largest property developer by market capitalisation reported a slight increase in its full-year earnings. On Friday, Morningstar cut its price target for SHKP to HK$105 from HK$115, but said the company was trading at a good discount. UOB Kay…
Hong Kong needs a more comprehensive and coordinated approach to boost tourism, such as by promoting the National Games alongside other concurrent events, industry representatives have said, highlighting challenges facing the sector. Despite a post-pandemic surge in the number of arrivals, the representatives also noted emerging trends required more promotion and that visitors were now…
Hong Kong needs a more comprehensive and coordinated approach to boost tourism, such as by promoting the National Games alongside other concurrent events, industry representatives have said, highlighting challenges facing the sector. Despite a post-pandemic surge in the number of arrivals, the representatives also noted emerging trends required more promotion and that visitors were now…
Hong Kong’s logistics chief has issued a set of guidelines to senior civil servants, urging them to “heighten their alertness” and conduct due diligence to prevent potential fraudulent acts by tenderers and contractors, following a recent drinking water procurement scandal. “In light of the recent incident on procurement of bottled drinking water for which fraud…
Hong Kong recorded a billion-dollar home sale this week, another sign that ultra-wealthy customers are continuing to find choice assets even amid the city’s property slump. A mansion at 1 Gough Hill Road on The Peak on Hong Kong Island, refurbished from an old guest house used in the 1990s by the Bank of China,…
Hong Kong’s treasury chief has dismissed calls to set up a separate commission of inquiry to investigate officials’ roles in a bottled water procurement scandal, arguing that the government’s auditors will be able to identify lapses in a “professional and independent” manner. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu, the head of…
More than 180 years after their first development, the historic cores on Hong Kong Island – Central, Sheung Wan and Wan Chai – and in Kowloon – Yau Ma Tei, Tsim Sha Tsui and Mong Kok – face an acute urban crisis. Once-vibrant neighbourhoods have become densely packed relics defined by ageing buildings, congested streets,…
A vague public apology and blaming a procedural “flaw” have failed to quell public discontent over the government’s water procurement scandal, political analysts have said, urging Hong Kong leader John Lee Ka-chiu to accelerate developing a civil servant accountability system. Analysts made the call on Friday as the government said that the central tender board,…