One of the buyers in last month's high-profile sale of suites in the Apex Horizon hotel has been unable to auction off the purchase, even at a reduced price, because of the uncertainties involved.Wednesday, 6 March, 2013, 4:36am
The Estate Agents Authority is examining whether irregularities were involved in the controversial sale of flats owned by Executive Councillor Franklin Lam Fan-keung.
The move came after it emerged that the buyer of one of the properties was understood to be unaware of Lam's alleged offer of extra commission to the agent.8 Nov 2012 - 3:25am
I refer to the letter by Robert Karlson ('Simple plea for agents to be honest', May 28) and the article ('Flaw space', May 30).
The Estate Agents Authority is a statutory body set up to regulate the estate agency trade.9 Jun 2012 - 12:00am
Homebuyers in Hong Kong will soon be facing something their counterparts in most countries are used to - the use of 'saleable' floor area rather than 'gross' floor area when calculating prices in transactions.8 Jun 2012 - 12:00am
The ruling requiring estate agents to advertise the actual area of a property offered for sale on the secondary market comes a bit late for Cindy Yiu.
A few years ago she bought a second-hand flat in La Cite Noble, a development in Tseung Kwan O, which according to the estate agent's assessment of the gross floor area covered 527 square feet.30 May 2012 - 12:00am
The abbreviation GFA signals buyer beware in the city's housing market. The use of gross floor area in advertising and marketing by developers and agents can inflate the quoted size of a flat by including communal areas such as staircases and lobbies. In some new estates, according to the consumer watchdog, this has accounted for as much as 32 per cent of the quoted size of a flat.28 May 2012 - 12:00am
Real estate industry leaders say a central database of flat sizes is needed to prevent lawsuits arising from discrepancies between two data sources used by the property agents' watchdog.24 May 2012 - 12:00am
Advertisements for second-hand homes will have to show exactly how much space there is in each flat from next year, though estate agents will not be banned from using a controversial measure that can hugely inflate the quoted size of flats.23 May 2012 - 12:00am
The Estate Agents Authority (EAA) plans to issue a binding circular stipulating how property agents specify the 'saleable area' of second-hand residential properties.18 Jan 2012 - 12:00am
Vivien Chan, the chairwoman of Hong Kong's Estate Agents Authority (EAA), is determined to tighten regulations governing the sale of new homes during her tenure.
'I really want to complete the work related to the regulation of the sale of first-hand properties, and give my full support to the government in its legislation over such regulations,' Chan said.14 Dec 2011 - 12:00am