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Developers told to provide details
1. Developers told to provide details
The Government has told developers to provide price lists and other sales information
to buyers of uncompleted residential flats sold through internal sales. The information
- also including saleable area, gross floor area, disposition and layout plans,
fittings and finishes - would comply with guidelines issued by the Real Estate
Developers Association. This kind of information was previously omitted by developers
using internal sales to sell flats. The Housing Bureau's Committee on Sales Descriptions
of Uncompleted Residential Properties has proposed that the new arrangement take
effect from December 1 for all unfinished projects. The committee is chaired by
Deputy Secretary of Housing Elaine Chung Lai-kwok, who said all developers were
expected to comply with the requirements in an effort to protect flat purchasers
and give them access to accurate sales information. [Source:
SCMP, 17 October 2001] | 
