Alan Yip delivered a webinar to New Wold Development on Decoding the Residential Properties (First-hand Sales) Ordinance on 14 May 2020.
Alan kicked off the webinar by introducing the background and application of the Ordinance and explained important points concerning sales brochures, price lists, show flats, disclosure of transaction information, advertisements and sales arrangements during the preparation stage and the sales stage. He also covered guidelines issued by the Sale of First-hand Residential Properties Authority including the Expression of Intent, major offences as well as investigation powers of the New Enforcement Authority (Division 2 of Part 6). Alan also explained how the government handles prosecution and criminal procedures via a number of case studies. Alan concluded the webinar by sharing some key takeaways followed by a Q&A session.
The webinar was well-received and feedback from participants was positive.