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明報·每日港聞· 明報新聞網-每日明報·· 18 days agoAI score50

Wangfu buyer refused transfer using parents' letter of authorisation, government requires lawyer witness confirmation

AI briefing

Mr Wang, a buyer under the Wangfu Court special sales plan, obtained his parents' authorisation to handle property ownership procedures and wanted to transfer the new unit into his own name. The government refused to process the transfer using the letter of authorisation, requiring his parents, who are abroad for medical treatment, to personally confirm the transfer documents. A barrister said the requirement is normal legal procedure, while a legislator suggested the government negotiate with banks so that the son first provides a mortgaged guarantee, with the transfer to be made after the parents return to Hong Kong.

Source: 明報·每日港聞 · news.mingpao.com