The dispute over 'rubbish dump' flats at the Icon in Mid-Levels appears to be over as 25 out of 26 buyers have accepted compensation.
By Monday's deadline, 22 of the buyers had accepted a buy-back offer from the developer, Winfoong International, according to Centaline Property Agency, sole agent for the Conduit Road apartments. They will get back 20 per cent more than they paid for their flats.
'These buyers received a 10 per cent deposit of the sum on signing the agreement on Monday. The rest will be paid within 40 days of signing the deal,' Centaline senior sales director Raymond Li-ngai said.
He said three other buyers chose to keep their flats with enclosed kitchens along with HK$600,000 compensation. Another buyer is out of town.
The offers were made to 26 buyers of flats bought for between HK$8.7 million and HK$12.88 million.
The Icon at 38 Conduit Road stands on a site with an 'unrestricted lease', which exempts it from a Lands Department consent scheme that regulates flat sales practice. When buyers took possession of their flats from the developer last month, they complained about unfinished flooring, tiny enclosed kitchens and heaps of construction debris.