The US church group that co-founded Hong Kong International School (HKIS) accepted an out-of-court payment to end a “bad marriage”, a source has told the South China Morning Post, saying their differences would have led to more litigation if the partnership had continued. The source familiar with the settlement said the Lutheran Church-Missouri Synod (LCMS),…
An almost year-long legal dispute involving a prestigious Hong Kong international school and its US-based co-founder, a Lutheran church, has been resolved out of court, with the school making a substantial payment and ending its association with the religious body. Harold Kim, chairman of the board of managers of Hong Kong International School (HKIS), announced…
Hong Kong is tipped to see more luxury home sales with expatriates increasingly choosing the city as their retirement base, drawn to its low-tax environment as well as business opportunities, according to analysts. “A huge influx of expats who used to live in Hong Kong are moving back with a long-term view to retirement,” said…
On a recent weekday morning, the Repulse Bay post office, in one of Hong Kong’s most affluent coastal neighbourhoods, stood almost empty. In an hour, only five customers walked through the door, with two staff members serving them. One of them was Dicky Lo, who had sent a parcel to Europe, citing the service’s reasonable…
A Hong Kong developer is dangling Mercedes-Benz cars to entice buyers of its high-end homes in the Southern district, riding on a resurgence in the luxury property segment. K&K Property partnered with Zung Fu Limited to launch the promotion at One Stanley, an 82-unit project that had attracted wealthy local and overseas buyers seeking privacy,…
TYPHOON TOOK FOUR LIVES Alice created two new records By SCMP Staff This article was first published on May 21, 1961 The typhoon which struck Hongkong on Friday took four lives, but the damage done was negligible compared to the havoc wrought by the severe storm which pounded the Colony in June last year. The…
Hong Kong pet owners have called for environmental authorities to place rat poison in boxes instead of hanging them in transparent bags, with one owner saying his dog had to visit the veterinarian three times in recent months after accidentally consuming pellets that spilled from broken bags onto the pavement. In response to queries by…
Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for a whopping HK$2.2 billion (US$283 million). The two three-storey units at 6 Deep Water Bay Road had saleable areas of about 9,600 sq ft and 5,300 sq ft, with the transactions set to be…
A nephew of the late Hong Kong shipping tycoon Y.K. Pao has bought a HK$75 million (US$9.6 million) luxury flat in Repulse Bay, continuing a trend among the city’s wealthy buyers who have been snapping up high-end homes in recent months. Crosspark Limited, an entity linked to Raymond Pao Lun-kwok, bought the 2,491 sq ft,…
A nephew of the late Hong Kong shipping tycoon Y.K. Pao has bought a HK$75 million (US$9.6 million) luxury flat in Repulse Bay, continuing a trend among the city’s wealthy buyers who have been snapping up high-end homes in recent months. Crosspark Limited, an entity linked to Raymond Pao Lun-kwok, bought the 2,491 sq ft,…