WEDNESDAY, JANUARY 25, 1989
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HOME BUYERS SHOULD PROTECT THEIR OWN INTERESTS
MANY PEOPLE ARE ENGAGED IN THE LICENSING SYSTEM WOULD BE CUMBROUS AND FINANCIAL SECRETARY, THE HON PIERS JACOBS, COUNCIL TODAY (WEDNESDAY).
SALE OF PROPERTY, AND A DIFFICULT
ΤΟ MANAGE, THE SAID IN THE LEGISLATIVE
REPLYING TO A QUESTION FROM THE HON SO CHAU YIM-PING, MR JACOBS SAID LICENSING ON ITS OWN WOULD PROVIDE NO SOLUTION BECAUSE THE EFFECTIVENESS OF THE SYSTEM WOULD DEPEND UPON THE DEGREE OF
MONITORING.
HE SAID A PRUDENT PURCHASER WOULD NO DOUBT APPROACH A PROPERTY TRANSACTION WITH A PROPER DEGREE OF CAUTION AND MANY WOULD ENGAGE THE ASSISTANCE OF A LAWYER.
"SO IN THE LIGHT OF WHAT I HAVE SAID ABOUT THE NEED TO DISPLAY CAUTION WHEN PURCHASING PROPERTY, WE TAKE THE VIEW THAT IT IS PREFERABLE THAT PURCHASERS SHOULD CONTINUE ΤΟ PROTECT THEIR OWN INTERESTS, MR JACOBS SAID.
1
OF
HE ADDED THAT THE ADMINISTRATION WAS ALWAYS ANXIOUS TO HEAR POSSIBLE ABUSES SO THAT ADDITIONAL PROTECTION COULD BE PROVIDED WHEREVER POSSIBLE, EITHER THROUGH AMENDING THE LAW OR ADMINISTRATIVE ARRANGEMENTS.
THROUGH
"BUT IN ORDER TO DO THIS, WE, OF
COURSE, NEED FACTUAL
INFORMATION.
TO CONTINUE
TO WORK
"THE BEST WAY FORWARD IS FOR GOVERNMENT CLOSELY WITH THE CONSUMER COUNCIL AND WITH THE POLICE, AND THIS WE SHALL DO," HE SAID.
MR JACOBS ALSO NOTED THAT THE CONSUMER COUNCIL HAD BEEN PARTICULARLY ACTIVE IN RELATION TO THE SUBJECT OF HOME PURCHASE.
THE COUNCIL HAD PUBLISHED INFORMATIVE ARTICLES IN ITS CHOICE MAGAZINE AND HAD ALSO DISSEMINATED THROUGH THE MEDIA INFORMATION ON THE ESSENTIAL POINTS TO WHICH PURCHASERS OF PROPERTY SHOULD PAY
ATTENTION.
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