1992-01-03 14:20 INFORMATION SERVICES DEPT
852 521 7725 P. 03/11
SECOND HAND FLATS
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The Consumer Council had issued warnings to potential buyers of residential flats which might have changed owners several times before completion, the media reported in prominent coverage, with Wah Kiu Yat To using the atory as the back page lead and ai least foul papers giving it an inside-page treatment. The warning came from the acting chairman of the councili
Consumer Property Transaction Committee, Bu Yuek-mei, who said that purchasers of unfinished flats with the so-called "sub-sale agreement" might be deprived of their property rights if a buyer hid up in the chain of transactions, then the purchasers had to fulfill their contractual obligations.
S
The deputy convenor of a Legco ad hoc group studying the Stamp Duties Bill, Tik Chi-yuen, said that there was a need to bring forward the time for buyers of "second hand" flats to pay the stamp duty. A member of the group, Peter Wong, wondered if it was necessary to revise the law as this kind of transaction was not common.
INFRARLAN
The President of Law Society, Donald Yap, in an interview with ATV-Home, said that the Law Society would seriously study the matter and if necessary, would suggest the Government plug the loopholes
over the sale of flats with this nature. The story also appeared in a few papers.
An official of the Planning, Environment and Lands Branch was quoted by the station as saying that the Government buyers change names on purchasing flats and if necessary, consult lawyers for detailed
information.
BARRIE WIGGHAM
Reporting from London, the Oriental Daily News said that the SCS, Barrie Wiggham, stood a very high chance of being appointed as the Chief Secretary to succeed Sir David Ford, who informed sources soud would retire
Sources expected that Sir David would still be with the Government until September or October because both the Governor and the CS could not retire at more or less the same time.
next month
PENSION
TVB and a few papers reported in routine coverage that arrangements for pensions for the 190,000-plus civil servants would be a top priority job for the Government in the coming year, quoting the SCS, Barrie Wiggham. In an interview with the station, Mr Wiggham said that the Government recognised the importance of the issue and discussions had already begun on three options put forward bu civil servnats' organisations. However, all the options would have the same difficulties over the financing. The Government was now focusing its attention on one plan under which civil servants could borrow money from banks with the Government acting as a guarantor. Expert advice had been sought through the hiring of consultants and a report was expected early this year; civil servants by then could see whether the plan was a viable one.
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