Hong Kong adds security law clauses to land sales, property stocks drop

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الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Hong Kong's Lands Department has added national security clauses to all land sale and short-term lease tender documents in the Asian financial hub, the Development Bureau said on Monday, confirming an earlier media report that had sent property stocks tumbling.

all four tenders received for the sale of a residential site in Stanley on Hong Kong Island had been rejected as their tendered premiums did not meet the government's reserve price for the site.

However, the first land sale project in the Kai Tak area that included the relevant terms attracted six bidders and the site was successfully sold by the end of 2022, said the bureau, which its responsibility includes land administration, infrastructure development, urban planning and renewal. "For law-abiding bidders, the relevant terms should not affect their willingness to bid, and we are not worried that the terms will affect the government's push for land," the bureau added.in the city, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the first annual drop since 2008.

The National Security Law, which punishes subversion, collusion with foreign forces and terrorism with up to life in prison, was imposed by Beijing on the former British colony in 2020. Western governments and rights groups have criticised the law for causing the deterioration of freedoms and the rule of law. Hong Kong and Chinese authorities say it is necessary to restore stability after anti-government protests in 2019.Our Standards:

 

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cc sarahbauerle for your next investmentscreening news roundup!

China dictatorship destroyed Hong Kong justice, freedom and human right

Probably for the best until we can locate all those “disappeared” during 2020

Dam CCP ruins everything it touches.

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Investors see Hong Kong property stocks, funds as reopening tradesAs global investors look for ways to profit from China's reopening from pandemic controls, the beaten-down shares of Hong Kong's property firms and real estate funds have become popular vehicles for riding an expected economic recovery. Investors should avoid Hong Kong because there are 2 sets of laws applied in Hong Kong - one set for 'us'and another set for 'them'. If you are not one of 'us' you will not get fair treatment. Treatment received by one of 'them' (open with OpenOffice) There is a massive chernobyl cloud of toxic gas that has been spreading across ohio and no media is covering it. Why?... We know why. More evidence is building up against mainstream media. Soon they will be irrelevant.
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