Hundreds of protesters in Hong Kong marched to the city’s government headquarters, demanding Secretary for Development Paul Chan resign for alleged conflict of interest related to a housing project, Radio Television Hong Kong reported.
Former President George W. Bush’s decision to allow doctors to use a stent to clear a blocked heart artery, performed absent symptoms, is reviving a national debate on the best way to treat early cardiac concerns.
Hong Kong’s government will sell land and build public housing for 60,700 new homes in the city’s northeast area as part of its plan to help curb property prices in the world’s most-expensive housing market.
Hong Kong’s five-week old government was rocked by its third controversy involving senior officials, as Secretary for Development Paul Chan acknowledged he knew about the sub-renting of a unit owned by a company in which he was a director.
Hong Kong’s former development secretary Mak Chai-kwong received a suspended sentence for his role in defrauding the government of more than HK$700,000 ($90,249) of housing allowances during the 1980s.
Hong Kong’s government will sell six residential sites next quarter that can provide about 3,000 apartments, as it seeks to raise new housing supply to help cool the world’s most expensive home market.
The world’s biggest equity bull market is propelling Philippine valuations to all-time highs as international investors pile into the country’s stocks in an endorsement of President Benigno Aquino’s economic policies.
Cheung Kong Holdings Ltd., the developer controlled by Asia’s richest man, is canceling the sale of HK$1.4 billion ($180 million) of hotel rooms after Hong Kong’s securities regulator began a probe into the transactions.