Developer of One Stanley pledges 6-year warranty and checks amid steel bar probe

The developer of One Stanley, K Wise, a subsidiary of K&K Property, has pledged to provide a six-year structural warranty and free independent property inspections to flat owners in response to allegations of steel reinforcement deficiencies at the seaside luxury residential development in southern Hong Kong. This follows an investigation into the suspected structural issues, which has been ongoing since March.

The developer acknowledged the concerns expressed by property owners, buyers, and the public, stating that building safety and protecting owners' interests are their top priorities. K Wise offered an additional six-year warranty on top of the existing three-year defect liability period. The company also agreed to arrange for independent, qualified professionals to conduct property inspections for owners and buyers, with all costs covered.

The development, which includes a four-bedroom, 3,000 square foot house bought by an owner in 2024 for approximately HK$100 million, reportedly had insufficient steel bars used in some parts, falling short of the approved building plans by up to 75 per cent. Engineers and contractors hired by the owner discovered the irregularities during internal renovations, and the Buildings Department subsequently launched its own inspections at the development.

However, no consensus was reached between K Wise and the property owner regarding further inspections, and both sides had discussed related claims without reaching an agreement. The developer has contacted owners who have completed their transactions and is continuing to reach out to buyers currently in the process of making a transaction.

The South China Morning Post reported that 24 transactions were recorded at One Stanley between March and September.