Advertisement
Focus
PropertyHong Kong & China

Nothing to see here: Cheung Kong stands by 'no viewing' policy for tiny Hong Kong flats

Is it legal for Cheung Kong to make would-be buyers of flats at Mont Vert agree they can't view them? And with 8,000 vying for one, does it matter?

Reading Time:5 minutes
Why you can trust SCMP
More than 8,000 prospective buyers have signed the "no-viewing" agreement to be eligible for a flat. Photo: Felix Wong
Sandy Li

Netty Cheung was overjoyed when she first heard the news of the cut-price sale of new flats at Mont Vert, a housing development in Tai Po.

"A new flat in Hong Kong that costs less than HK$2 million? It must be a miracle," said the retiree in her mid-60s. She lives alone in a 300 sq ft flat in Yau Ma Tei for HK$10,000 a month.

"If I could get one of those cheap flats, there is no worry about my landlord increasing rents every two years."

Advertisement

But the developer, Cheung Kong (Holdings), has made a controversial requirement for buyers: they must sign agreements promising to buy without personally inspecting the flats before closing on the deal.

Officials, lawmakers, academics and property analysts condemned the demand, with some accusing the company of violating a law designed to prevent such requests.

Advertisement

Cheung Kong said in a statement that "the personal safety of those prospective buyers will be endangered" if flats ready in the first phase were opened for viewing while there was ongoing construction on the second phase.

A grave site is normally located in an area with good fung shui
JUSTIN CHIU, CHEUNG KONG
Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x