Press Room

With a view to assisting minority property owners impacted by the Land (Compulsory Sale for Redevelopment) Ordinance, the Executive Committee (Excom) of The Real Estate Developers Association of Hong Kong (REDA) has agreed that all Excom member companies are prepared to help pay the appropriate share of the mediator’s fee under the Pilot Mediation Scheme…

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While The Real Estate Developers Association of Hong Kong (“REDA”) supports the government’s objectives behind the introduction of the Special Stamp Duty (“SSD”) to “curb short-term speculation”and “to reduce the risk of an asset bubble and ensure the healthy and stable operation of the property market” while not affecting genuine home buyers and long-term investors,…

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The Real Estate Developers Association of Hong Kong (REDA) today said that it was pleased to proceed with the issuance of the nine new measures, proposed by the Transport and Housing Bureau, to its members regarding uncompleted residential property projects. It will ask its members to adopt them in selling such projects.
REDA believes that the…

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In response to media enquiries concerning certain reports quoting Government sources speculating that the stamp duty would be raised to 4.5% for luxurious property transactions in excess of HK$20 million, a spokesman of The Real Estate Developers Association of Hong Kong made the following remarks.
“The timing of such a move is unfortunate given current uncertainties…

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