Authority criticizes Cheung Kong for not letting buyers view show flats

Posted: Jul 18 2014Last Updated: Jul 14 2017
Share:
18 July 2014 - Cheung Kong yesterday released the price list of the first batch units of Mont Vert Phase 1 in Tai Po. The Sales of First-hand Residential Properties Authority found that the developer specified in the document of sale arrangements for its 260 first batch units that all of the registrants who will have submitted the Registration of Intent on or before 25 July 2014 will have to submit the duly signed "No Viewing Agreement" on the first day of sale of the aforesaid first-hand residential properties. Should they refuse to do this, they will not be permitted to participate in the balloting.
 
The Sales of First-hand Residential Properties Authority pointed out that Mont Vert Phase 1 is a completed development, and the developer should not make excuses to prevent buyers from viewing show flats within this. The aforementioned sales arrangements thus commit an offence against the corresponding Ordinance and are liable to a fine of HK$500,000.
 
Cheung Kong replied that Mont Vert Phase 2 is still under construction and many large construction vehicles and dump trucks are frequently passing in and out at the (same) entrance of Phase 1 and Phase 2. Due to the safety concerns, the developer decided not to open the show flats for buyers’ viewing at this stage.
 
Please click here for more details.

You May Also Like

Despite the Current Coronavirus Crisis, Real Estate Experts Don��t Foresee Prices Fal

12 March 2020 - Amidst the black-swan emergence of the coronavirus, rather than simply state my own views about the potential impact on property prices, I want to also summarize what various real estate experts across different parts of the industry
By: Joshua Han Miller

7 Tips to Consider if You Plan to Sell Your Home in Hong Kong

5 October 2020 - Events over the past year or so have contributed to significant economic turmoil in Hong Kong and by extension seriously upset the once predictably expensive local home property market. As a result, increasing numbers of homeowners
By: OKAY.com
More Insights

Tight on time? Let us do the searching for you!

OKAY.COM App
OKAY.COM - iOS App StoreOKAY.COM - Android Play Store
Let's Connect
15/F, Wilson House, 19-27 Wyndham St., Central, Hong Kong
+852 2102 0888
Do you want to login
You already have an account with us? How about logging in?