Two pre-sale consents issued in August
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The Lands Department issued
two consents for the sale of 2,217 residential units of two developments
in Sai Kung and on Lantau Island respectively in August 2005, a spokesman
for the Department said today (September 6).
At the end of August, 2005,
there were 13 applications for pre-sale consent pending approval,
involving a total of 6,084 residential units. Among them, one application
involving 120 residential units is estimated to be completed in November,
2005. Seven applications involving 2,702 residential units are estimated
to be completed in 2006. The remaining five applications involving 3,262
residential units are estimated to be completed by August, 2007.
There were nine applications
for pre-sale consent for commercial developments pending approval at the
end of August, 2005.
In addition, there were five
applications for consent to assign involving 4,274 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 at the end of August, 2005, by dialling Legal Advisory &
Conveyancing Office's Hotline 2147 5475 or visiting the Lands Department's
website at
http://www.landsd.gov.hk/.
The name 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 advertisements, sales brochures
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/Tuesday, September 6, 2005
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