Being a "music" teacher who have over 10 years of experience in teaching children under the age of 4, I must admit that the "traditional" way of learning piano may not be the best choice for children under the age of 5.
Traditional piano lesson = one-on-one private lesson. This will require the child (student) to be able to stay focus for the duration of the lesson, and have the ability to read. In my many years of teaching youngsters, the reading ability can be obtained at the age of 4. However, there is a big difference between being able to identify a note on paper than finding the correct key on the keyboard while reading the notes on the staff! I believe this is where most parents are confused. I my opinion, a child shouldn't sign up for private lesson until the age of 5 or 6 when one can be more independent and be able to understand things in a logical way.
And for those who want to start their child in piano lesson at a younger age, there are quite a few group methods available in HK. Parson Music, Tom Lee Music, My Musikbox to name a few.
I hope you find this information useful