Arrangements for selling first-hand residential properties



DateContextSummary of developmentAction
2.12.96 HG The Panel discussed the consultation paper on "The sales description of overseas uncompleted residential properties" published by the Law Reform Commission (LRC). [Consultation Paper]
17.11.97 HG The Panel discussed LRC's Report on "Sale of overseas uncompleted residential properties". [Paper] [Report]
1.3.99 HG The Panel discussed the Administration's proposal to introduce the Sales Descriptions of Uncompleted Residential Properties Bill which aimed to implement LRC's recommendation to improve the quality of sale brochures of uncompleted residential properties through legislation in order to enhance protection for purchasers. [Paper] [Paper]
7.4.00 HG The Panel discussed the Sales Descriptions of Uncompleted Residential Properties White Bill and agreed to form a Subcommittee to study the subject further. [Paper] (LC Paper No. CB(1) 1315/99-00(01))
28.4.00 SUBC The Subcommittee discussed the Sales Descriptions of Uncompleted Residential Properties White Bill. [White Bill] (LC Paper No. CB(1)1337/99-00) [LegCo Brief] [Paper]
16.5.00 SUBC The Subcommittee discussed the Sales Descriptions of Uncompleted Residential Properties White Bill. [Paper]
13.6.00 SUBC The Subcommittee discussed the Sales Descriptions of Uncompleted Residential Properties White Bill. [Paper] [Paper] [Report]
18.7.01 HG The Panel discussed the Administration's decision of reassessing the need for introducing a bill on sales descriptions of uncompleted residential properties. [LegCo Brief]
6.1.03 HG The Panel discussed LRC's Report on Local Completed Residential Properties: Sales Descriptions and Pre-contractual Matters which covered the sales descriptions and other pre-contractual matters relating to the sale of completed residential properties in Hong Kong. [Paper] [Report]
18.6.03 HG,PLW The Panels discussed the system for pre-sale of uncompleted residential properties. The Administration briefed the Panels on the system for the pre-sale of uncompleted residential flats under the Lands Department's Consent Scheme and possible measures to prevent default in residential property developments in the wake of the Villa Pinada and the Aegean cases. The Administration undertook to review the Consent Scheme with an aim to improving the situation. [Paper]
2.2.04 HG,PLW The Panels discussed the system for pre-sale of uncompleted residential properties. The Administration briefed the Panels on the outcome of the review of Lands Department's Consent Scheme for the sale of uncompleted properties and the proposed improvement measures. [Paper]
12.4.05 HG The Administration up-dated the Panel on the position of proposals to introduce legislation to regulate the sales descriptions of overseas and local uncompleted residential properties. [Paper]

The Secretariat prepared a background brief on "Sales descriptions of overseas and local uncompleted residential properties". [Paper]

18.5.05 CQ Hon LEE Wing-tat raised a question on dissemination of misleading information to market by property developers. [Hansard, "Page 72"]
4.7.05 HG The Panel met with representatives from the Real Estate Developers Association of Hong Kong (REDA), the Estate Agents Authority (EAA) and the Consumer Council (CC) to discuss the transparency of private sale of local uncompleted residential units. The Panel was briefed on the supplementary guidelines on private sale issued by REDA. [Paper] [Paper]
1.3.06 CQ Hon CHAN Wai-yip, Albert raised a question on Nuisances caused by estate agents soliciting business in public places. [Hansard, "Page 100"]
26.4.06 CQ Hon LEE Wing-tat raised a question on collection and dissemination of information on property transactions. [Hansard, "Page 14"]
7.6.06 CM Hon Martin LEE Chu-ming moved a motion on "Regulating the transactions of new private residential properties" to urge the Government, among other things, to introduce the Sales Descriptions of Uncompleted Residential Properties Bill into LegCo, formulate legislation for regulating the sale of new residential properties, draw up guidelines on property sales and promotion activities, and study the provision of a cooling-off period in the contracts of new private residential properties. The motion by was negatived. [Hansard, "Page 165"]
3.7.06 HG The Panel discussed the arrangements for selling first-hand residential units. The Administration undertook to continue meeting with CC, EAA and REDA on regular basis to monitor the operation of the self-regulatory regime by developers and identify further improvement. [Paper]

The Secretariat prepared a background brief on "Arrangements for selling first-hand residential properties". [Paper]

25.8.06 PRESS Media reports on cases where developers have failed to comply with REDA's guidelines on sale of uncompleted residential units aroused considerable public concerns. The Administration, EAA, CC and REDA met on 25 August 2006 and agreed on a number of improvement measures. [Press release]
4.12.06 HG Information paper provided by the Administration updates Members on measures taken by concerned parties since the July meeting of this Panel to improve the sale arrangements for uncompleted first-hand residential units. [Paper]

The Secretariat prepared a background brief on sales arrangements for uncompleted first-hand residential properties. [Paper]

28.2.07 CQ Hon CHAN Yuen-han raised a question on Qualifications of estate agents and salespersons. [Hansard, "Page 26"]
2.4.07 HG The Panel met with representatives of Hong Kong Institute of Surveyors, The Real Estate Developers Association of Hong Kong, Consumer Council and Estate Agents Authority to discuss the disclosure of saleable area in sales descriptions for residential properties.

Information paper provided by the Administration. [Paper]

4.7.07 CQ Hon LEE Wing-tat raised a question on Disclosure of information under the Consent Scheme. [Hansard, "Page 102"]
11.7.07 CQ Hon LEE Wing-tat raised a question on Provision of sale information to property buyers. [Hansard, "Page 121"]
17.7.07 HG The Panel met with representatives of Hong Kong Institute of Surveyors, The Real Estate Developers Association of Hong Kong, Consumer Council and Estate Agents Authority to discuss the latest developments in enhancing the transparency of saleable area disclosure in sales descriptions for residential properties.

Information paper provided by the Administration. [Paper]

3.3.08 HG The Administration briefed members on the disclosure of saleable area in sales descriptions for residential properties. [Paper]

Development to date presented in background brief prepared by the Secretariat. [Paper]

23.4.08 CQ Hon LEE Wing-tat raised a question on disclosure to prospective property buyers of the requirement to provide facilities in private developments for public use. [Hansard, "Page 26"]
17.6.08 HG The Panel met with representatives of The Real Estate Developers Association of Hong Kong, Hong Kong Institute of Surveyors, Consumer Council and Estate Agents Authority to discuss the sale arrangements for uncompleted first-hand residential flats

The Administration briefed members on sale arrangements for uncompleted first-hand residential properties. [Paper]

2.12.09 CQ Hon Starry LEE Wai-king raised a question on regulation of sales practices of properties. [Hansard, "Page 43"]
28.4.10 CM Hon James TO Kun-sun moved a motion on strengthening the regulation of the sale of residential properties. The motion was passed by the Council. [Hansard, "Page 186"] [Progress report]
24.5.10 HG Information paper provided by the Administration on the nine new enhancement measures to further strengthen the regulation of the sales of first-hand private residential properties. [Paper]

The Administration has provided the membership list of the Executive Committee of The Real Estate Developers Association of Hong Kong. [Follow-up Paper]

26.5.10 CQ Hon LEE Wing-tat raised a question on measures to strengthen the regulation of the sales of residential properties. [Hansard, "Page 103"]
2.6.10 CQ Hon Audrey EU Yuet-mee raised a question on sales and purchases of luxurious residential building units. [Hansard, "Page 111"]
26.1.11 CQ Hon LEE Wing-tat raised a question on regulation of the sales of first-hand private residential properties. [Hansard, "Page 28"]
28.1.11 HG Information paper provided by the Administration on the existing measures to regulate the sales of uncompleted first-hand private residential properties, and the steps being taken by the Administration to enhance the regulation of the sales of first-hand private residential properties through legislation. [Paper]
4.4.11 HG Information paper provided by the Administration on the work progress of the Steering Committee on Regulation of Sale of First-hand Residential Properties by Legislation. [Paper]

Development to date presented in background brief prepared by the Secretariat. [Paper]

The Administration provided a supplementary paper on the work of Steering Committee on Regulation of the Sale of First-hand Residential Properties by Legislation (Follow-up paper)

26.7.11 HG Information paper provided by the Administration on the work progress of the Steering Committee on Regulation of Sale of First-hand Residential Properties by Legislation. [Paper]

Development to date presented in background brief prepared by the Secretariat. [Paper]

7.11.11 HG Information paper provided by the Administration on a proposal to create two supernumerary directorate posts in the Housing Department for the purpose of taking forward the regulation of the sale of first-hand residential properties by legislation. [Paper]
5.12.11 HG Information paper provided by the Administration on the proposed legislation to regulate the sale of first-hand residential properties, the public consultation exercise of which was commenced on 29 November 2011. [Paper]

Development to date presented in background brief prepared by the Secretariat. [Paper]

5.1.12 HG Development to date presented in background brief prepared by the Secretariat. [Paper]


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