Property News · July 6, 2021

Beware of the pitfalls of buying properties with unauthorised building work or illegal alterations


There was a recent media report about a purchaser’s mortgage application being rejected by local banks as the property had unauthorised building work. While some properties might look attractive due to a redesign or modification of their original layout plan, purchasers should be wary of the risks if they involve illegal alterations. They could be in breach of the city’s Buildings Ordinance.To protect their clients’ interests, estate agents have a duty to check whether there is any undischarged…

Source : South China Morning Post
Read more…Beware of the pitfalls of buying properties with unauthorised building work or illegal alterations

You may also like...