Many keen to buy flats they can't view, as big crowd at Mont Vert sales office shows
A big crowd turned out to view off-site show flats for Cheung Kong's cut-price Mont Vert development despite concern in some quarters that the sales tactics of the developer are questionable.
A big crowd turned out to view off-site show flats for Cheung Kong's cut-price Mont Vert development yesterday despite concern in some quarters that the sales tactics of the developer are questionable.
Long queues formed at the Fortune Metropolis mall in Hung Hom, where Cheung Kong, controlled by Asia's richest man, Li Ka-shing, is marketing the Tai Po development. By Friday, over 1,200 applications had been received for balloting to buy the 260 Phase 1 flats for sale, the Hong Kong Economic Journal reported. Sales begin on July 26.
Whether the firm violated the law in not allowing prospective buyers to see the flats seemed to have had little effect on people's desire to buy, said Lawrence Poon, a City University senior lecturer in building science and technology.
The development includes some of Hong Kong's cheapest new flats, with a 194 sq ft studio selling for about HK$1.94 million.
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People could still buy flats there, but that was a separate matter from whether Cheung Kong broke the law, said Poon.