Hong Kong homebuyers hail 'honest' sales law

Homebuyers have embraced a new law requiring developers to promote sales in a more transparent and honest way, although some said the provisions, which came into effect yesterday, were still unfamiliar.

At the same time, the director of the Sales of First-hand Residential Properties Authority, Eugene Fung Kin-yip, said it was a good sign that the new law had halted most sales of new homes, as many developers withdrew their sales brochures and were reworking them.

via Business feed http://www.scmp.com/business/article/1226215/homebuyers-hail-honest-sales-law