Hotel room sales criticized
(02-19 12:15)
A former legislator says it's unfair for Cheung Kong Holdings to sell hotel rooms as individual units. The project in Kwai Chung -- Apex Horizon Hotel -- has more than 300 rooms.
Lee Wing-tat, who chairs a housing thinktank called Land Watch, questioned if the developer used a loophole to sell the rooms, RTHK reports.
Lee said purchasers may be subject to unnecessary risks because of unknowns about whether the land lease allows such transactions.
Earlier, the Lands Department said it was investigating whether such sales violate the land lease.
An executive director of Cheung Kong Holdings (0001), Justin Chiu Kwok-hung, says the sales are legal and reasonable. He said his company had already studied the land lease and found no conditions limiting such sales.
Chiu insisted the move was planned a year ago and wasn't confrontational to government measures aimed at cooling the property market. He added that buyers wanting to change the interiors of the hotel rooms would have to seek permission from the government.
|
|
|
|
