Major property developers have branded the government's plans for laws regulating the sale of new flats as 'unfair'.
Stewart Leung Chi-kin, chairman of the Real Estate Developers Association's executive committee, said: 'We are not against the legislation. But there are provisions that it is not practical to implement.'
Leung was accompanied at a media briefing on the proposed legislation by executive directors or sales managers of four of the city's largest major developers - Cheung Kong, Henderson Land, Sun Hung Kai Properties and Sino Land.
He was commenting on a draft bill released last month for a two-month public consultation. The bill will be tabled in the Legislative Council after feedback on its provisions have been taken into account.
Describing the proposed legislation as 'unfair', Leung insisted that the law should not rule out the use of gross floor area (GFA) - the saleable floor area plus its share of common areas - to describe the size of a flat.
The law, which covers only the primary but not the secondary market, will allow only the quotation of saleable area clearly defined as the internal flat area, plus the balcony but minus bay windows.
