Regulating Information Asymmetry in the Residential Real Estate Market: The Hong Kong Experience

— —

Devin Lin

Regulating Information Asymmetry in the Residential Real Estate Market

The Hong Kong Experience

Devin Lin

$96.99

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Routledge
18 December 2020

Property & real estate; International business; International law; Property law; Civil engineering, surveying & building

Series: Routledge Studies in International Real Estate

This book conducts a detailed examination of the current form of the Hong Kong residential property regulatory system: the 2013 Residential Properties (Firsthand Sales) Ordinance (Cap 621). The author sheds light on how the new legislation promotes a number of values including information symmetry, consumer protection, the free market and business efficacy. It provides a detailed account of how the regulatory mechanism has evolved over the past three decades to catch unconsscionable sales tactics (such as selective information and/or misrepresentation of location, size, completion date and past transactions) and monitor sales practices in order to protect the interests of stakeholders in this ever-changing first-hand residential property market.

This book breaks down this complicated subject matter by focusing a number of chapters each on a specific attribute of the residential property on sale. It then examines the various channels through which the information is communicated to the prospective buyer and discusses misrepresentation of the key information in sales of residential properties as criminal liability.

The tension between consumer’s rights on one hand and the pursuit of free market principles on the other is but one example of the conflicting values thoroughly discussed in the book, others include superstition vs. modernization and clarity vs. flexibility.

Aimed at those with an interest in consumer protection and transparency-orientated legislation in commercialized real estate transactions, this book seeks to provide an in-depth discussion of the latest trends and directions of travel.

By: Devin Lin
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 550g
ISBN: 9780367736101
ISBN 10: 0367736101
Series: Routledge Studies in International Real Estate
Pages: 280
Publication Date: 18 December 2020
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

Chapter 1 Introduction Chapter 2 The Way to Legislation Chapter 3 Saleable Area Chapter 4 Gross Floor Area Chapter 5 Internal Structures, Fittings and Finishes Chapter 6 Location Chapter 7 Floor Number Chapter 8 Date of Completion and Lease Term Chapter 9 Deed of Mutual Covenant and Land Grant Conditions Chapter 10 Price List Chapter 11 Sales Arrangement Chapter 12 Transaction Chapter 13 Information Channels Chapter 14 False or Misleading Information and Misrepresentation Chapter 15 Regulation by Legislation

Devin S. Lin, PhD reseraches on Construction Law and Property Law and is now teaching in the Southwest University of Political Science and Law, China.