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October 22nd, 2013
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Archive for the ‘Warnings’ Category

Lowering compulsory sale threshold from 90% to 80%

Thursday, April 1st, 2010

Coming into effect today (1st April, 2010) is the new legislation that allows developers to force small owners to sell their flats within a building after it has acquired 80 per cent of the property interests in the building. This affects residential buildings older than 50 years.

Carrie Lam (林鄭月娥) mentioned on the radio the day before Legco voted on the notion saying that this new law was in the interest of the Hong Kong public and revitalisation of Hong Kong but in reality the law lowers the leverage and bargaining power of small flat owners agains developers.

A seven-storey tenement block on Kimberley Road, Tsim Sha Tsui (55 years old) along with three neighbouring blocks, has been an acquisition target. Richfield Realty which is helping Henderson Land to acquire this block stopped negotiating with one of the owners since January because they suspected that the law to lower the threshold would be passed and said the owner that they will talk contact him again in April.  Now the owner is worried that the developer will offer him an even lower offer than the one he had rejected before.

The original offer made by Richfield was ~HK$ 4 million or HK$ 5,700 /sq.ft. for the owner’s 700 sq. ft. flat which measures 1,200 sq. ft. if his share of common areas is included. A new flat developed in same spot would sell for ~3 times that; so effectively once the owner is compelled to sell he would need to move elsewhere.

A similar incident happened to an owner (Victor Sin Ho-yuen) who had a shop on Haven Street (希雲街) , in causeway bay who had to sell his shop on ground floor for ~HK$ 2 million. The court case cost him HK$ 4 million in legal fees. He laments that he would probably lose his second shop too in a similar way. Sin said that the supplementary measures and the mediation system were useless, because the developed showed no intention to mediate last time.

It is appalling that this is happening in Hong Kong. Individual rights are being eroded and it is sad to see Hong Kong heading down this route.

Swine Flu H1N1 is a Hoax - Hong Kong Government

Tuesday, June 9th, 2009

The World Hoax Organisation is at it again; scaremongering and promulgating news about how scary this new swine flu virus is (H1N1). Please note there aren't huge differences between the H1N1 Influenza A virus in humans that have existed for the last 10 years to the one that is now called the "swine flu" virus.

The mortality rate of the Swine Flu, although is difficult to prove, is strongly suspected to be lower than that of Seasonal Flu.
Governments around the world should not waste money on these vaccines because they are just a money making scam and have a detrimental effect on those who take them. It is simply a pharmaceuticals + WHO + FDA collaboration to turn a handsome profit in their scaremongering.

Hong Kong Bank Scam

Monday, March 2nd, 2009

Unbeknownest to many in Hong Kong….

If you have 2 bank accounts in the same bank (Account A and account B) and you write a cheque (withdrawing from Account A) to your other account (receiving at Account B)  and have deposit it with your bank on Friday. On Saturday and Sunday - the funds will not be available in Account A and yet it would not be available in Account B. Apparently the funds are sent to a centralised banking facility that keeps the funds whilst it’s being transferred… This doesn't seem logical and what happens to the interest during these two days?

Flu Vaccines

Sunday, October 28th, 2007

The Influenza virus has a unique genome made of 8 separate pieces of DNA that be exchanged between other flu viruses which is why the virus is changing constantly. Flu vaccines are all made from previous strains of the virus which invariably one would already have immunity to and it is impossible to have vaccination for future strains of the flu virus…

Why are people anywhere in the world taking them Flu vaccines?  It is absurd, this is a disease that you cannot vaccinate against.

Moreover, Flu vaccines contain a lot of very nasty chemicals in them such as Thimerosal and Formaldehyde. Thimerosal is a mercury-based compound that is highly toxic to nerve cells and has been linked to be the cause of Autoism; it is used in the vaccine as a preservative.

Formaldehyde is a chemical used to preserving dead bodies; it is carcinogenic chemical and is very harmful to the body.

Can somebody challenge what I am saying and please back up what you say with scientific facts?

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