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New July 2013

Family of executed Hunan businessman vow to seek justice

<!– google_ad_section_start –> The ashes of former property tycoon Zeng Chengjie were brought back to his home village of Yangshiao four days after he was executed by firing squad for illegally raising 3.4 billion yuan (HK$4.3 billion) and defrauding investors. <!– google_ad_section_end –>

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I’ll give up Fanling Lodge if I have to, says Leung

<!– google_ad_section_start –> Leung Chun-ying says he is willing to surrender the 80-year-old official summer residence Fanling Lodge for new town development if necessary. The chief executive was speaking as lawmakers questioned him about plans for two new towns in the northeast New Territories that are hotly opposed by villagers facing displacement. <!– google_ad_section_end –>

Continue reading I’ll give up Fanling Lodge if I have to, says Leung

Soaring rent forces Saint Kwong Anglo-Chinese Kindergarten to close

<!– google_ad_section_start –> A non-profit kindergarten with almost half a century of history will close by the end of this month as it cannot afford to meet soaring rent demands. Founded in 1964, Saint Kwong Anglo-Chinese Kindergarten has been occupying the first floor of the Ho King Building on Main Street East in Shau Kei Wan since the early 1980s. <!– google_ad_section_end –>

Continue reading Soaring rent forces Saint Kwong Anglo-Chinese Kindergarten to close

Police battle protesters in Philippines slum riot

<!– google_ad_section_start –> Philippine slum dwellers hurling rocks, improvised explosives and human excrement fought running battles with riot police on Monday around a sprawling Manila shanty town that is set for redevelopment. Police said an officer was hospitalised with a head injury while several residents of the North Triangle slum were briefly detained, though none were charged and were later released. Police moved in as traffic backed up after squatters erected barricades across a street, said the district’s police chief, Senior Superintendent Richard Albano. <!– google_ad_section_end –>

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Low price for Tseung Kwan O housing site a sign of market fears

<!– google_ad_section_start –> Chinachem bought the 283,115 square foot site near Evangel College for HK$3 billion, or HK$3,653 per square foot. The 10 sites sold in the area since 2010 ranged in price from HK$3,810 to HK$4,917 per sq ft. <!– google_ad_section_end –>

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Chinese buyers flee Hong Kong for overseas property markets

<!– google_ad_section_start –> On the seventh floor of a luxury hotel in the heart of Hong Kong, a Chinese couple listens carefully as an agent takes them on a virtual tour of an upmarket property development for sale – not in the former British colony, but in London. Cash-rich mainland Chinese, who some in Hong Kong blame for pushing property prices to record highs, have fled the city’s real estate market, scared off by cooling measures that have sent them scouring overseas for better options. <!– google_ad_section_end –>

Continue reading Chinese buyers flee Hong Kong for overseas property markets

‘Corporate veil’ cast aside as UK court rules on divorce settlement

<!– google_ad_section_start –> A landmark ruling in Britain, in which the Supreme Court found that company assets held by a spouse can be handed over as part of settlement claims, is likely to affect divorce proceedings in Hong Kong. <!– google_ad_section_end –>

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Edward Snowden fired, Booz Allen Hamilton says

<!– google_ad_section_start –> WASHINGTON — Consulting giant Booz Allen Hamilton said Tuesday that it had fired Edward Snowden “for violations of the firm’s code of ethics and firm policy” after the 29-year-old admitted he leaked secrets of the U.S. government’s surveillance programs to the news media. The company said that Snowden, who had been assigned to a team in Hawaii for less than three months, was earning a salary “at a rate of $122,000.” Snowden claimed he made about $200,000, a figure that could have included overtime pay and other bonuses. <!– google_ad_section_end –>

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More glass falls from luxury high-rises

<!– google_ad_section_start –> Panes of glass from two more luxury high-rise blocks have fallen off, with one crashing down onto the alfresco dining area of a SoHo restaurant, injuring one of its staff. <!– google_ad_section_end –>

Continue reading More glass falls from luxury high-rises

An indigenous activist’s murder exposes Boracay’s dark side

<!– google_ad_section_start –> It is considered one of the world’s most beautiful islands, where tourists can frolic on white sands by day and sip cocktails by night in seafront villas. Boracay inspires the most clichéd of descriptions – “paradise on earth”; “the world’s best island”. But for the Atis, who claim to be the island’s original inhabitants, life is a daily struggle. <!– google_ad_section_end –>

Continue reading An indigenous activist’s murder exposes Boracay’s dark side

Young couple the first to get right to buy discounted second-hand HOS flats

<!– google_ad_section_start –> Avan Tsar was lucky enough to be among 5,000 people chosen to be allowed to buy a second-hand Home Ownership Scheme flat at a discount. But the 35-year-old was even luckier to have won the chance to buy one of 988 new flats in another subsidised housing project in Tsing Yi, the Greenview Villa. <!– google_ad_section_end –>

Continue reading Young couple the first to get right to buy discounted second-hand HOS flats

Behind Brandon Chau’s big name lies big ambition

<!– google_ad_section_start –> Brandon Chau Kwok-fung isn’t an easy man to get hold of. In between the endless high-society jamborees he attends, he manages to find time for fencing, running a luxury bedding business, and working his day job at the chambers of Cheng Huan SC, one of the city’s most well-known defence lawyers. As Chau strolls – fashionably late – into his “British-themed” office in Central, the distinctive Chau family charm begins to work its magic. <!– google_ad_section_end –>

Continue reading Behind Brandon Chau’s big name lies big ambition

Designer seeks compensation from HKRFU for Sevens passes artwork

<!– google_ad_section_start –> A freelance designer who created the VIP passes for the Hong Kong Sevens for the past 10 years has accused the organisers of using her artwork without her permission in a bid to save money. <!– google_ad_section_end –>

Continue reading Designer seeks compensation from HKRFU for Sevens passes artwork

Beware of pitfalls in buying property

<!– google_ad_section_start –> Signing a contract to buy a property (a flat, an office block or whatever) marks a point of no return. You have passed from the zone of negotiations to that of binding commitment. At least that is the idea. Once you sign the contract it should be all over bar the shouting. In principle, it only remains for the seller to execute and deliver the deed conveying title to the property to the buyer, hand over the keys and collect the money. <!– google_ad_section_end –>

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Panel votes to raze site of Newtown school shooting

<!– google_ad_section_start –> Faced with what one official called a “gut-wrenching” decision, a task force has voted to tear down the site of the Sandy Hook school shooting and build a new school in its place. The committee of 28 officials in Newtown, Connecticut, unanimously recommended the plan after weeks of discussion. Other options included renovating the current Sandy Hook Elementary School or building a new one in a different location. <!– google_ad_section_end –>

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Economic growth slows in first quarter as inflation looms

<!– google_ad_section_start –> Real gross domestic product rose only 0.2 per cent on a seasonally adjusted quarter-to-quarter basis, down from 1.4 per cent in the last three months of 2012. Year on year, output in the first quarter rose 2.8 per cent, beating market estimates. <!– google_ad_section_end –>

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Vancouver eyes ‘micro-suites’ as Chinese buy mansions

<!– google_ad_section_start –> At the opposite end of the Vancouver market to the 297 square foot Balance “micro-suites” is a 12,998 sq ft mansion in Caulfeild, West Vancouver, with an asking price of C$23.8 million (HK$180 million). While Canada’s tiniest flats are mainly being marketed to local first-home buyers and lower income earners, the Caulfeild estate is aimed squarely at Chinese buyers. Vancouver’s most expensive listing features a two-storey library and a huge wine cellar built around the stone outcrops on which the home is built. <!– google_ad_section_end –>

Continue reading Vancouver eyes ‘micro-suites’ as Chinese buy mansions

Former tenant disputes apartment swap claim

<!– google_ad_section_start –> A former tenant of a North Point flat rejected a claim by former development minister Mak Chai-kwong and assistant highways director Tsang King-man that they swapped ownership of their flats in 1990. Dennis Leung Hung-tsang, who leased flat 22E of City Garden from Tsang between 1988 and 1992, said he paid monthly rent for the place to Tsang during the four years. <!– google_ad_section_end –>

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A failure of historic proportions

<!– google_ad_section_start –> Hong Kong’s unique, 500-year-old walled village of Kat Hing Wai now features a concrete ditch rather than a moat and has only about 20 old houses left – three years after being given a grade-one historic status. <!– google_ad_section_end –>

Continue reading A failure of historic proportions

Greece entices non-EU property investors with residence offer

<!– google_ad_section_start –> Greece will be offering residence to non-EU investors buying or renting property worth over €250,000 (HK$2.5 million), in a bid to revive its moribund real estate industry, officials say. The initiative, voted into law last week, comes in response to strong demand from Arab, Chinese and Russian investors, the officials from the interior ministry and property groups told a news conference yesterday. <!– google_ad_section_end –>

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America, Inc. at it’s Finest

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7 For All Mankind, a division of VF Contemporary Brands
Bren-Books.com, Modern first editions and collectible fiction<

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Chocolate Artisan Truffles by Just Chocolate

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Burberry
New July 2013