Developer of One Stanley pledges 6-year warranty and checks amid steel bar probe
The developer of One Stanley has offered flat owners a six-year structural warranty and free independent property inspections amid an investigation into suspected steel reinforcement deficiencies at the seaside luxury residential development in southern Hong Kong. K Wise, a subsidiary of One Stanley developer K&K Property, addressed the brewing scandal on Friday, a week after allegations of…
The developer of One Stanley, K Wise, has pledged a six-year structural warranty and free independent property inspections to address concerns over suspected steel reinforcement deficiencies at the luxury residential development in southern Hong Kong. This offer comes in response to allegations reported by a local property media outlet, following an on-site inspection that revealed insufficient steel bars in a four-bedroom, 3,000 square foot house purchased by an owner in 2024 for approximately HK$100 million.
The developer stated that it understands the concerns among property owners and buyers and is prioritizing building safety while safeguarding owners' interests. K Wise has proposed joint inspections with the affected homeowner, but no agreement was reached. The developer has also contacted owners who have completed transactions and is reaching out to buyers in the process of making a transaction.
The Buildings Department has been inspecting the development since March, and the developer has submitted a report in response to their request.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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