Property sales rules clarified

Brochure must be issued at least 7 days before sales date.

The Sales of First-hand Residential Properties Authority has clarified its guidelines with respect to the number of days a sales brochure must be available before a property's date of sale.

It issued a statement in response to media enquiries on the requirement under the Residential Properties (First-hand Sales) Ordinance for a vendor to make available the sales brochure during a period of at least seven days before a date of sale, and the price list and a document containing the sales arrangements during a period of at least three days before a date of sale.

According to the ordinance, during a period of at least seven days immediately before a date of sale, a vendor must make hard copies of the sales brochure for the development available on a continual basis for collection by the general public free of charge and must make a copy of the sales brochure for the development available on a continual basis for inspection on the vendor's website for the development.

On the first day on which the vendor makes available the sales brochure to the public, the vendor must provide the sales brochure to the authority and the Sales of First-hand Residential Properties Electronic Platform.

During a period of at least three days immediately before a date of sale, a vendor must make hard copies of the price list and the document containing the sales arrangements for the development available on a continual basis for collection by the general public free of charge and must make a copy of both documents available on a continual basis for inspection on the vendor's website for the development.

On the first day on which the vendor makes available the price list to the public, the vendor must provide the price list to the authority and the platform.