The Residential Properties (First-hand Sales) Ordinance
The Ordinance came into operation in two stages:
various provisions in the Ordinance came into effect on 2 April 2013. They include provisions on the commencement day, interpretation of the Ordinance, and the provision for the Secretary for Transport and Housing (STH) to appoint public officers to be responsible for, and assist in, implementing the Ordinance; and
- the remaining provisions of the Ordinance came into effect on 29 April 2013. These include provisions on sales brochures, price lists, show flats, viewing of first-hand completed properties, the register of transactions, advertisements for first-hand residential properties, sales arrangements, preliminary agreement for sales and purchase and agreement for sales and purchase, misrepresentation, and dissemination of false or misleading information.
- The Ordinance sets out detailed requirements in relation to sales brochures, price lists, show flats, disclosure of transaction information, advertisements, sales arrangements, and the mandatory provisions for the Preliminary Agreement for Sale and Purchase and Agreement for Sale and Purchase for the sales of first-hand residential properties.
- It also provides for prohibitions against misrepresentation and the dissemination of false or misleading information.
- Offences are created for the contravention of the provisions in the Ordinance.
Please click the link below for the full text of the Ordinance.
Residential Properties (First-hand Sales) Ordinance (PDF Format, 5.3MB)