Sun Hung Kai Properties has apologised to buyers who were misled about the sizes of their newly-bought flats in a Yuen Long development due to a mistake in the sales brochures.
The developer will pay compensation to those who paid too much for their flats as a result of the mix-up, but will not claim money back from those who paid too little.
More than 90 per cent of the properties in One Regent Place, near Long Ping station, comprising eight houses and three 20-storey towers, have been sold. The brochures for 76 of the 329 flats put on the market mis-stated the size of the bay windows.
Sun Hung Kai said it swapped the bay window figures of Flats B and E on all floors of towers two and three, resulting in a difference of 11 square feet, either more or less, of gross floor area in each.
'Buyers will be given back the price difference if they have paid more than they need to. For those who have paid less, we will just let them go,' the developer's spokeswoman said. While 38 buyers bought a flat which is actually larger than the size specified in the sales brochure, another 38 bought a smaller flat.
The affected flats ranged in price from HK$5,800 to HK$7,000 a square foot of gross floor area. The amount to be paid to those with smaller flats is still being worked out. But those with larger flats have benefited by paying HK$63,800 to HK$77,000 less than they should have.
A spokeswoman for Sun Hung Kai Properties said the developer was deeply concerned and stressed the incorrect information was not intentionally released to mislead buyers.