Developers prepared to adopt guidelines
Private developers are prepared to adopt a revised formula for assessing the saleable area of flats if it proves to be more useful for home buyers to work out exactly what they are getting, industry insiders have said.
Representatives of the Hong Kong Institute of Surveyors and the Real Estate Developers Association met yesterday to discuss revisions to the guidelines.
The institute has been meeting the government, developers, surveying firms and housing groups to discuss the issues. One of the areas of ambiguity relates to the bay-window area, which is sometimes not included.
Stewart Leung Chi-kin, association vice-president, said: 'The existing guidelines work very well and we do not see any problems. But if the institute can work out something better, we shall consider adopting it.'
Dr Lawrence Poon Wing-cheung, who chairs the institute's saleable area working group, said there was no concrete proposal on the table and it was hoped a report could be submitted to its executive committee soon.