Key facts
- 24 luxury houses at One Stanley have been sold since March amid an investigation into alleged construction defects.
- The Buildings Department found a key beam lacked specified steel mesh and some floor slab reinforcement did not match approved plans.
- The department stated the issues do not pose an immediate danger to the overall structure.
- Ronald Siu, chairman and CEO of Datronix Holdings, bought a 3,102 sq ft seafront villa for HK$115 million in April 2024.
- The seller, Jianwei Limited, a subsidiary of developer Kinho Property, is cooperating with the investigation and will remediate if errors are confirmed.
Twenty-four luxury homes at the One Stanley development in Hong Kong have been sold since March, coinciding with an investigation by authorities into alleged structural and construction defects. Buyers include local and international businesspeople, with one prominent purchaser identified as Ronald Siu, chairman and CEO of listed company Datronix Holdings.
Siu purchased a HK$115 million seafront detached house, measuring 3,102 square feet, in April 2024 through his company Bright Point International Limited. The property was among the first batch of units sold at the development. The Buildings Department found that a key beam in the lower ground floor lacked the specified steel mesh, and some floor slab reinforcement did not match approved plans. The department has stated that these issues do not pose an immediate danger to the overall structure but has summoned relevant parties for investigation.
Jianwei Limited, a subsidiary of One Stanley's developer Kinho Property and the seller of the property, confirmed it is cooperating with the Buildings Department. The company stated it prioritizes quality and safety and will carry out remediation works and pursue legal responsibility if construction errors are confirmed.