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Policy Address
Malpractices in Selling Properties

18.     In recent years, many people have been dissatisfied with the selling practices of property developers.  They have found that market transparency is low and that buyers can be easily misled.  To further regulate the sale of first-hand residential properties, I announced last year that the Transport and Housing Bureau (THB) would set up a steering committee to discuss issues on regulating the sale of first-hand flats by legislation and to put forward practical recommendations within a year.

Ageing Buildings in Old Urban Areas

19.     The building collapse in Ma Tau Wai Road last year heightened concern about the rising problem of ageing buildings in old urban areas.  We responded quickly by proposing measures to improve building safety, including a multi-pronged approach to enhance building safety through legislation, enforcement, public education and support for building owners.

Problem of Sub-divided Units

20.     The public is also concerned about building dilapidation, unauthorised building works (UBWs) and, in particular, “sub-divided units”.  Undoubtedly, “sub-divided units” pose risks to building safety, but they do provide accommodation for low-income people not eligible for public housing.  Banning “sub-divided units” across the board is therefore not a solution.

 

 


Last revision date: October 12, 2011 2011 © | Important Notices | Privacy Policy
 
2011 - 12 Policy Address