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In response to media enquiries, the Government spokesman said today (June 15) that the Government shared the public's concern about the transactions of the 24 flats at 39 Conduit Road which the developer announced last year.
The developer of 39 Conduit Road announced today that only 4 out of the 24 transactions had completed transactions.
The spokesman said, "The Government would understand further the matter to consider the next step."
"Clear market information and transparent sales arrangements and transaction records are important to flat buyers. The Government is determined to create a fairer and a more transparent environment for flat purchasers," the spokesman said.
"Through the guidelines of the Real Estate Developers Association of Hong Kong (REDA), the Government required developers to make public transaction information within five working days after the signing of the Preliminary Agreements for Sales and Purchase with effect from December 1, 2009. Recently, the Government implemented the 'nine new measures and 12 requirements' on uncompleted first-hand private residential properties through REDA's guidelines and the Lands Department's Consent Scheme, to enhance, inter alia, the transparency of the sales brochures and price lists. Those measures have significantly enhanced the transparency of the sales and transactions of uncompleted first-hand private residential properties, and have further protected consumers' right. The Government will work with REDA to implement the guidelines on the 'nine new measures and 12 requirements' for completed first-hand private residential properties as soon as possible," the spokesman said.
Ends/Tuesday, June 15, 2010
Issued at HKT 21:26
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