One pre-sale consent issued in May
***************************

The Lands Department issued one consent for the sale of 40 residential units in an uncompleted development project last month (May).

The project, located in Tai Po, is estimated to be completed in October 2000, a Lands Department spokesman said today (June 7).

One development in Tai Po involving nine commercial units was also issued a pre-sale consent.

Consents to assign were given for 1,418 residential units in two development projects at the Olympic Station and Discovery Bay.

At the end of May, there were 13 applications for pre-sale consent involving a total of 9,492 residential units across the territory. The units are expected to be completed between September 2000 and August 2002. In addition, there were four applications concerning commercial developments.

Applications for consent to assign being processed included three residential projects involving a total of 1,395 units in various districts.

For information on the pre-sale consents, members of the public can call the Lands Department at 2147 5475 or visit its website at http://www.landsd.gov.hk/.

End/Wednesday, June 7, 2000

NNNN

Table 1 - PARTICULARS OF PRESALE CONSENT AND CONSENT TO ASSIGN ISSUED for the period from 01/05/2000 to 31/05/2000
Table 2 - PARTICULARS OF APPLICATION FOR PRESALE CONSENT AND CONSENT TO ASSIGN PENDING APPROVAL as at 31/05/2000