Sales Description of Overseas Uncompleted Residential Properties
The Commission's report (published in 1997) addressed the problem of inadequate and misleading sales information provided in respect of the sale of overseas uncompleted residential property advertised or offered for sale in Hong Kong.
The report recommends that any vendor of overseas uncompleted residential properties must engage a licensed estate agent in Hong Kong if he wishes to advertise those properties for sale in Hong Kong. Any advertisement published in Hong Kong must specify the estate agent and provide his licence number. The agent would be under a duty to make available the sales brochure to the purchaser and to ensure that any information it contains is accurate. The agent would be liable for any false or misleading information in the advertisement or in the sales brochure.
|Press Release (PDF) (MS Word)|
|Executive Summary (PDF) (MS Word)|
|Report (PDF) (MS Word)|