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Following is a statement delivered by the Permanent Secretary for Housing, Planning and Lands (Housing), Mr Thomas Chan Chun-yuen, after a meeting with The Real Estate Developers Association of Hong Kong, the Consumer Council and the Estate Agents Authority today (August 25):
"Today we met with the Real Estate Developers Association and have made a number of agreements with them:
1. For the first batch of flats for sale, at least 20 flats or 20 per cent of the first batch of flats need to be put up for sale whichever figure is the higher;
2. The price list has to be published and made available to prospective buyers immediately upon announcement of subsequent batches of sale;
3. Developers undertake to sign provisional sale and purchase agreement as soon as possible;
4. Developers would consider how to better delineate responsibility and authority vis-a-vis their agents;
5. We will continue to work together with the Real Estate Developers Association of Hong Kong, the Consumer Council and the Estate Agents Authority to further improve the guidelines as necessary."
Ends/Friday, August 25, 2006
Issued at HKT 21:14
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