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    Democratic and Reform Resources Centre, Powered by Joomla!
    18 Jan 2011 列印 E-mail

    Category

       Land and Housing Policies

    Issue

    • ‘Old Land Leases’ loophole

    News Content

    • A government committee, which is formed in October to work on legislation to regulate the sales of new flats, agreed yesterday to extend the proposed law to new homes on sites with unrestricted land leases.
    • It is a response to media reports of flat buyers of The Icon in Conduit Road complaining their new home were unfinished when they took possession of the properties.
    • Committee member, Democratic Party Legislator Lee Wing-tat said as the new law will not come into effect for two or three years. He hoped the government would keep a close eye on sales of new homes.

    Questions

    • ‘The Icon’ properties are sold under the old leasing conditions and did not need consent from the Lands Department for the pre-sale of incomplete flats.
    • And the developers selling flats on such unrestricted sites need not provide any sale brochures for the project.
    • In sum, the current legal framework fails to provide adequate protection to the flat buyers of non-consent scheme properties.