Gross Floor Area

Scramble for sales precedes new law

Cheung Kong is offering additional sweeteners to try to offload the remaining units at One West Kowloon. Photo: Felix Wong

Cheung Kong is offering additional sweeteners, on top of a price cut last month, to try to offload the remaining units at its Lai Chi Kok residential project.

Thursday, 18 April, 2013, 5:33am

Hong Kong developers halt sales while brochures rewritten for new rules

Updated promotional material has already been issued for Sun Hung Kai Properties' luxury Riva development on the Kam Tin River in Yuen Long. Photo: Sandy Li

Developers will suspend sales of unsold flats at more than 30 new residential projects next week to comply with a new law requiring them to specify the size of flats in all their marketing material as well as provide additional information on the developments.

17 Apr 2013 - 5:31am 3 comments

Wall-to-wall rules go long way to eliminating gross injustice

For too long, Hong Kong homebuyers have been purchasing flats significantly smaller than what were advertised by developers.

Hong Kong touts itself as one of the world's elite cities and financial centres. However, the way it regulates the sale of new flats now is far from first class.

The new law governing home sales that is due to take effect on April 29 will be a big step forward.

9 Apr 2013 - 4:24am 6 comments