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Vendor Fined $375,000 for Violating First-hand Residential Properties Sales Ordinance

HK

Vendor Fined $375,000 for Violating First-hand Residential Properties Sales Ordinance
HK

HK

Vendor Fined $375,000 for Violating First-hand Residential Properties Sales Ordinance

2026-03-24 17:00 Last Updated At:17:08

SRPA successfully prosecutes first-hand residential development vendor for contraventions of ordinance

The Sales of First-hand Residential Properties Authority (SRPA) today (March 24) successfully prosecuted a first-hand residential development vendor for contraventions of the Residential Properties (First-hand Sales) Ordinance (the Ordinance). The vendor was charged with 45 counts of offences for (i) failure to make hard copies of the sales brochure printed or examined within the previous three months available for collection by the general public during a period of at least seven days immediately before a date of the sale (15 counts); (ii) failure to make hard copies of the sales brochure printed or examined within the previous three months available for collection by the general public at the sales office on a date of the sale (15 counts), and (iii) failure to make a copy of the sales brochure printed or examined within the previous three months for the development available for inspection on the vendor's designated website on a date of the sale (15 counts), contravening Section 25(1), Section 25(2), and Section 25(3) of the Ordinance respectively. The vendor pleaded guilty to the above offences and was convicted and fined $375,000 at Kwun Tong Magistrates' Courts today. The development concerned is located at So Kwun Wat, Tuen Mun, New Territories.

"The SRPA has long been taking a three-pronged approach to enforce the Ordinance, i.e. to step up compliance checks, inspections, as well as collection of required evidence for prosecutions; to continuously improve the trade's compliance with the Ordinance; and to foster public awareness of the Ordinance. The SRPA will take action seriously and carry out investigations on any suspected cases of contravention of the Ordinance to further enhance the transparency and fairness of the sales of first-hand residential properties, protect the interests of purchasers, as well as provide a level playing field for vendors," a spokesman for the SRPA said.

Details of the case have been uploaded onto the SRPA's website at www.srpa.gov.hk/en/prosecution-cases.html for public inspection.

Source: AI-found images

Source: AI-found images

Government announces appointments to Chief Executive's Council of Advisers

The Government announced today (March 24) the appointment of four new members to the Chief Executive's Council of Advisers. The term will take effect from April 1, 2026, and end on June 30, 2027.

The Chief Executive, Mr John Lee, said, "Since its establishment in 2023, the Council has been providing the Chief Executive with valuable and constructive advice on Hong Kong's strategic development. The newly appointed members are industry leaders in frontier fields such as hard and core technology and biotechnology. Their participation will further expand the professional scope of the Council. I look forward to Council members continuing to offer advice on key issues under the context of Hong Kong's proactive alignment with the National 15th Five-Year Plan, including how Hong Kong can consolidate and enhance its international competitiveness, better integrate into and serve the overall national development, and deepen international exchanges and co-operation, with a view to pioneering a new phase of high-quality development for Hong Kong."

The latest membership of the Council is as follows:

Chairperson

Chief Executive

Members (in alphabetical order of surnames, with the new members marked with an asterisk (*))

Economic advancement and sustainability

Mr Brian David Li Man-bun

Professor Frederick Ma Si-hang

Mr Robert Ng Chee-siong

Mr Andrew Sheng Len-tao

Mr Jack So Chak-kwong

Mr Henry Tang Ying-yen

Mr Jean-Pascal Tricoire

Mr Peter Woo Kwong-ching

Ms Marjorie Yang Mun-tak

Mr John Zhao

Dr Zhu Min

Innovation and entrepreneurship

Dr Sunny Chai Ngai-chiu

Mr Shing Chow Shing-yuk

Dr Han Bi-cheng

Professor Nancy Ip Yuk-yu

Dr Lee Kai-fu

Mr Robin Li*

Mr Shan Weijian

Professor Michael Spence

Dr Sun Piaoyang*

Ms Winnie Tam Wan-chi, SC

Mr Joseph Tsai

Mr Wang Xing-xing

Dr Allan Wong Chi-yun

Mr Xu Tao*

Dr Allan Zeman

Mr Zhang Wen*

Regional and global collaborations

Mr Guy Bradley

Mr Bernard Charnwut Chan

Dr Jonathan Choi Koon-shum

Mr Victor Chu Lap-lik

Dr Victor Fung Kwok-king

Mr Benjamin Hung Pi-cheng

Mr Colm Kelleher

Dr Peter Lam Kin-ngok

Dr Edmund Tse Sze-wing

Mr Mark Tucker

Mr Andrew Tung Lieh-cheung

In attendance

Chief Secretary for Administration

Financial Secretary

Secretary for Justice

Director, Chief Executive’s Office

Head, Chief Executive's Policy Unit (CEPU)

Biographical notes on the four new members of the Council are in the annex.

The Council is a high-level advisory body to advise the Chief Executive on the strategic development of Hong Kong, leveraging on opportunities from national and global developments. The Council is organised along three broad streams, namely economic advancement and sustainability, innovation and entrepreneurship as well as regional and global collaborations, to facilitate more focused and in-depth dialogues. As the Secretariat of the Council, the CEPU is responsible for providing research and secretariat support to the Council.

Source: AI-found images

Source: AI-found images

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