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The sales brochure should state the salient points of the Deed of Mutual Covenant, such as the definition of common parts, apportionment of management charges and restrictions on use of common parts.
The developer should deposit copies of the English and Chinese versions of the full text of the Deed of Mutual Covenant for free inspection at either the sales office or the solicitors' office. (This recommendation will in effect require the developer to arrange for the Chinese translation of the Deed of Mutual Covenant.)
The developer should produce, for all sales, both private and public, a sales brochure and keep at least one copy of it for public inspection until the occupation permit or, where applicable, the certificate of compliance is issued.
All information in the sales brochure should be accurate at the time of first sale of units in a development. If there have been any material changes in the information in the sales brochure between the date of its printing and the time of first sale, a note to that effect should be attached to the sales brochure or the price list.
Advertisements (other than a sales brochure) for the public sale of flats by developers or the private sale of flats by property agents must state that a sales brochure is available. Information given in the advertisements must be consistent with the information given in the sales brochure.
All the recommendations should be enforced by legislation.
End/Thursday, April 27, 1995
Gazettal of Airport Authority Bill deferred
The Government has decided to defer the gazettal of the Airport Authority Bill,
Following the Executive Council's approval of the introduction of the Airport Authority Bill into the Legislative Council, an advance copy of the Bill was passed to the Chinese side on April 25.
The original plan was to gazette the Bill tomorrow (Friday) and to introduce it into the Legislative Council on May 3.