SRPA successfully prosecutes first-hand residential development vendor for contraventions of ordinance
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"With reference to the above case, the SRPA reminds vendors that if they participate in and facilitate an arrangement for providing commission rebates to purchasers in the sale of first-hand residential properties, the amounts of such rebates shall be regarded as financial advantages or benefits obtained in connection with the purchase of the residential properties concerned, and must be set out in the register of transactions," a spokesman for the SRPA said.
"The SRPA has long been taking a three-pronged approach to enforce the Ordinance, i.e. to step up compliance checks, inspections, as well as collection of required evidence for prosecutions; to continuously improve the trade's compliance with the Ordinance; and to foster public awareness of the Ordinance. The SRPA will take action seriously and carry out investigations on any suspected cases of contravention of the Ordinance to further enhance the transparency and fairness of the sales of first-hand residential properties, protect the interests of purchasers, as well as provide a level playing field for vendors," the spokesman added.
Details of the case have been uploaded onto the SRPA's website at www.srpa.gov.hk/en/prosecution-cases.html for public inspection.
Ends/Tuesday, September 29, 2026
Issued at HKT 17:00
Issued at HKT 17:00
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