Two pre-sale consents issued in July
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The Lands Department issued
two consents for the sale of 224 residential units of two developments in
Kowloon and on Hong Kong Island respectively in July 2005, a spokesman for
the Department said today (August 4).
At the end of July, 2005,
there were 13 applications for pre-sale consent pending approval,
involving a total of 7,339 residential units. Among them, one application
involving 120 residential units is estimated to be completed in August,
2005. Ten applications involving 4,760 residential units are estimated to
be completed in or before December, 2006. The remaining two applications
involving 2,459 residential unites are estimated to be completed in
February, 2007.
There were nine applications
for pre-sale consent for commercial developments pending approval as at
the end of July, 2005.
In addition, there were four
applications for consent to assign involving 4,256 residential units and
three applications for consent to assign for commercial developments
pending approval.
Members of the public may
obtain up-to-date information on consents to sell residential units in
uncompleted developments issued for the last six months and cases pending
approval as at the end of July 2005, by dialling Legal Advisory &
Conveyancing Office's Hotline 2147 5475 or visiting the Lands Department's
website at www.info.gov.hk/landsd/.
The names of the developer,
its solicitors, authorised person (including the name of the firm), the
main superstructure contractor, and, where applicable, the parent company
of the developer, the mortgagee bank, the undertaking bank and the
financier in respect of individual developments are also available to the
public in the form of reports obtainable through the fax-on-demand
facilities of the Hotline or the Lands Department website. This
information is also available in the sale brochures, printed
advertisements and websites.
Intending purchasers are
advised to study details of the development and the sale proceedings,
through information available from public advertisement, sales brochure
and price lists released from the developer before making a deposit for a
purchase. The sales brochure for a development (normally containing a
Chinese version also) contains also the main points of the Deed of Mutual
Covenant, including the definition of common areas, terms of appointment
of manager, the basis of calculating management fees, management fee
deposit and others.
Ends/Thursday, August 4, 2005
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