Cheung Kong

Cheung Kong accused of not providing a price list for flats

PUBLISHED : Monday, 19 March, 2007, 12:00am
UPDATED : Monday, 19 March, 2007, 12:00am

Flat-buyers at a Cheung Kong (Holdings) housing project have accused the developer and real estate agents of failing to provide a price list for the properties.

The issue was raised yesterday in a meeting between 39 flat-buyers and legislator Lee Wing-tat, who has been campaigning for redress on their behalf.

The 39 owners had bought pre-sale flats at The Apex in Kwai Chung in March last year.

A buyer, who identified himself only as Mr Ng, alleged that neither a price list nor sales brochures were provided by the agent for Hong Kong Property Services (Agency).

Mr Ng said that the price of a flat was provided in handwritten form.

Another buyer, Stanley Lau, said a Midland Realty sales agent did not provide a price list. Mr Lau said on inquiry the information offered failed to give a clear picture of the 'real' price.

Both said the lack of information might have affected their decision.

Mr Lee said he had raised the issue with the developer in November last year and had met Cheung Kong's executive director Justin Chiu Kwok-hung at the beginning of this year. However, the two sides did not reach any agreement.

Mr Lee said the issue would be raised with the Estate Agents Authority and the Real Estate Developers Association later this month.

A spokeswoman for Cheung Kong said the price lists were always available at the sales office or through estate agents and that the company had followed guidelines for the sale of unfinished flats.

Hong Kong Property Services (Agency) executive director Richard Lee Chi-sing said he could not remember if any printed price lists were issued at that time. But he said agents would always provide printed price lists if these were available from developers.

Midland Realty executive director Chan Kwan-hing refused to comment, as the firm had not received any complaints.

Both the Estate Agents Authority and Real Estate Developers Association could not be reached for comment.