Entrance of Gold Topmont’s Grand Homm luxury residential project at the Ho Man Tin area of Hong Kong’s Kowloon district, on 7 September 2021. Photo: Sam Tsang.
Entrance of Gold Topmont’s Grand Homm luxury residential project at the Ho Man Tin area of Hong Kong’s Kowloon district, on 7 September 2021. Photo: Sam Tsang.

Hong Kong steps in to protect buyers of Grand Homm flats, letting customers rip up contracts with refunds and interest

  • Buyers of the Grand Homm flats are entitled to refunds including interest within seven days of cancelling their contracts, said the Sales of First-hand Residential Properties Authority (SRPA)
  • Interest is calculated at Hong Kong’s prime rate plus 2 per cent, according to the Transport and Housing bureau, with HSBC’s prime rate at 5 per cent

Topic |   Hong Kong property
Entrance of Gold Topmont’s Grand Homm luxury residential project at the Ho Man Tin area of Hong Kong’s Kowloon district, on 7 September 2021. Photo: Sam Tsang.
Entrance of Gold Topmont’s Grand Homm luxury residential project at the Ho Man Tin area of Hong Kong’s Kowloon district, on 7 September 2021. Photo: Sam Tsang.
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