The Real Estate Developers Association of Hong Kong met today (4 April 2019) to discuss the sale of properties in first-hand residential developments. All members present agreed that the following practices will be adopted with immediate effect:
To enhance transparency, tender documents with full details including all benefit plans available to the purchaser will be…
It has been reported that the Administration is looking at imposing a vacancy tax on first-hand residential units. REDA is puzzled by the objective of this proposal as such a tax cannot dampen the price escalation that is the combined result of a persistent shortage of land supply and an abundant liquidity in an ultra-low…
The Real Estate Developers Association of Hong Kong has recently received a number of media enquiries regarding a study undertaken by the Government on vacancy tax to be introduced to first hand residential properties.
This is a serious subject as the introduction of any new tax is bound to impact significantly Hong Kong’s tax regime…
REDA welcomes the 2015 Policy Address delivered by the Chief Executive yesterday as a well considered and measured response to the current challenges we face in Hong Kong.
On the housing issue in particular, we are pleased to note that the CE and his Administration are determined to address the supply-demand imbalance progressively. We agree completely…
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….
© 2016 The Real Estate Developers Association of Hong Kong. All Rights Reserved.
