Developers step on the steel wire while the media will be sent to prison for false information
Article from Primary residential sales of new legislation next week (29) formally implemented, under the new laws on what to mislead most controversial, developers and real estate agents, such as advertising methods of expression, interpretation, offense, a maximum fine of $ 5 million and imprisonment for seven years, the media reported that the new flat "market news", also have the opportunity to commit an offense liable. The face of a new era of sales, developers admitted that the mood is like stepping on a tightrope to walk, but with the new legislation for the sake of selling properties, all the developers have full rush job and then printed a new batch of sales brochures and price lists to sell unsold 6,000 flats unsold season nearly 2,000 flats new flat will meet the new cases test.
Primary residential property sales Ordinance, regardless of the sales brochures, price lists, sales arrangements, demonstration units as well as advertising, and external information dissemination on a legal basis, developers and even real estate agents are not published prior to the bid single intention price and reservation, singing lead buyers into the market opened higher sales practices will become extinct, per unit area in the sales brochures and price lists are only salable area, the developer and the purchaser signed a provisional agreement for sale and purchase in 24 hours to be announced. If the violation of the new cases, the person will be a maximum fine of $ 5 million and imprisonment for seven years.
The Justin Chiu groan sale of flats difficulty increases
Cheung Kong executive director Justin Chiu said earlier that the Group will fully comply with the new regulations sale of flats, will not slow down the pace of the push plate, Tsuen Wan Kwok Shui Road or Mount Faber Group is expected to become the first sale in accordance with the new legislation, the new flat. He admitted that the developers spend a little more time to deal with the new legislation, will also try to improve transparency, but because of the government departments on the part of the Ordinance is not clearly defined, so that no one can make a 100% guarantee. However, he himself says, now will increase the difficulty of selling properties.
Sun Hung Kai Real Estate Agency Assistant General Manager Andy Chan also pointed out that the Group had earlier put up for sale $ Langer Crest sales brochures over a thousand pages thick, mainly because of the multi-unit type, and as far as possible with the new legislation, but has not fully comply with the new legislation. As part of the Ordinance has yet to be explained by the Government, Therefore, at the entry into force of the new legislation will be printed in accordance with the new regulations a number of new sales brochure, including excluding construction area.
He admitted that the Seoul Crest sales brochures Beta cost up to 17,000 HKD, I believe that a large number of printing will be a little cheaper, but you would surely earth new flat sales brochures.
Where a provision is not as Sino Land or entertained
Tian Zhao Yuan said that at present there are 22 properties for a total of less than 500 flats the unsold for sale, talent bay a share of less than 200 flats, Yue, Associate Director of Sino Land Sales Department. Talent Gulf accounted for less than 100 flats, is the rush to prepare new sales brochures and price lists, as well as the demonstration unit with the new legislation, but there will be no concessions to promotional, is not feasible and printing of new sales brochures and price lists, to be done to comply with the new cases will be entertained before re-sale.
Kowloon Development becomes the first to comment, increases manpower to deal
Kowloon Development, Marketing and Sales Yangcong Yong, general manager, said with the new legislation, within the Department of Kennedy Town Cadogan Shan and Tai Kok Tsui Orange. Summit unsold units are ready to follow the Government's latest sales rules to provide real estate information, the fastest to date sales brochures, tomorrow, next week, together with the sale of flats under the new cases, the company has also increased the manpower to deal with the land sales under the new laws Floor program.
Yangcong Yong admitted that as a result of new cases is still not clear places, including development, real estate agents, as well as the advertising industry are faced with the new operating environment, the industry's most puzzling future interpretation and advertising expression will committing that he expected the Government may be established in real telephone hotline for immediate query to the industry, in order to avoid committing.
Cite seller’s information, free from violation of the news media
It is worth noting that, under the new laws the media also have the opportunity to be caught unawares. Sales Authority pointed out that as long as any person who makes a false statement and induce others to buy the property, it is possible to break the law. The Council refers to the media as long as the sources for the developer or seller, simply conveyed by the media sources, the Ordinance sufficient Disclaimer protection. If the media is against the law, regulations for journalists or newspapers, the Council refers to individuals, corporate and other involved in the case will be subject to criminal liability. (Note: Tomorrow Series II main content analysis of the new Loushu focus of attention. Please note that.)
