The following statement is issued in response to press enquiries today.
Having just today learned of the Consumer Council’s report on the “Study on the Sales of First-hand Residential Properties”, REDA has not had sufficient opportunity to study the contents in detail in order to form an opinion.
We are, however, bemused that the Council has seen…
With regard to recent media enquiries, The Real Estate Developers Association of Hong Kong today (4 June 2013) made the following response:
Before the Residential Properties (First-hand Sales) Ordinance (“the Ordinance”) came into effect on 29 April 2013, saleable area shown in the sales brochures was calculated according to the definition as approved by the Lands…
The Real Estate Developers Association of Hong Kong (“REDA”) has and always will be a staunch supporter of the rule of law in Hong Kong.
From the outset, REDA has never ceased proclaiming its support for the Administration’s efforts to legislate the regulation of the sale of first hand uncompleted properties. We have taken no action…
On April 20 2012, REDA submitted a counsel opinion to the Bills Committee of the Legislative Council regarding the Residential Properties (First-hand Sales) Bill in an effort to point out certain sections of the Bill that may be flawed and which should be addressed before proceeding with the legislation as it is currently drafted.
REDA’s position…
The Real Estate Developers Association of Hong Kong (“REDA”) is pleased to note that the objective of the proposed legislation is “to enhance the transparency and fairness of the sales arrangements of first-hand residential properties” and that “it also aims to strike a balance between enhancing consumer protection on the one hand, and allowing developers…
The 24th Board of Directors of The Real Estate Developers Association of Hong Kong (REDA) held its first meeting today.
During the meeting, Mr. Keith Kerr was elected as President and Mr. Thomas Kwok as Executive Vice-President for a term of two years. Sir Ka-shing Li, Dr. Cheng Yu-tung, Dr. Lee Shau-kee, Sir Gordon Wu, Dr….
With a view to assisting minority property owners impacted by the Land (Compulsory Sale for Redevelopment) Ordinance, the Executive Committee (Excom) of The Real Estate Developers Association of Hong Kong (REDA) has agreed that all Excom member companies are prepared to help pay the appropriate share of the mediator’s fee under the Pilot Mediation Scheme…
While The Real Estate Developers Association of Hong Kong (“REDA”) supports the government’s objectives behind the introduction of the Special Stamp Duty (“SSD”) to “curb short-term speculation”and “to reduce the risk of an asset bubble and ensure the healthy and stable operation of the property market” while not affecting genuine home buyers and long-term investors,…
The Real Estate Developers Association of Hong Kong (REDA) today said that it was pleased to proceed with the issuance of the nine new measures, proposed by the Transport and Housing Bureau, to its members regarding uncompleted residential property projects. It will ask its members to adopt them in selling such projects.
REDA believes that the…
In response to media enquiries concerning certain reports quoting Government sources speculating that the stamp duty would be raised to 4.5% for luxurious property transactions in excess of HK$20 million, a spokesman of The Real Estate Developers Association of Hong Kong made the following remarks.
“The timing of such a move is unfortunate given current uncertainties…
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