Five pre-sale consents issued in September
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The Lands Department
issued a total of nine consents for the sale of residential units in
uncompleted developments between July and September 2005. The Department
also issued four consents for the sale of uncompleted commercial
developments in this period.
A spokesman for the Lands
Department said today (October 6) that the nine consents involve 2,894
residential units located in various districts of Hong Kong. One
development in Yuen Long comprising 120 residential units is estimated to
be completed in November 2005. Seven developments with 1,098 residential
units are estimated by the developers to be completed in 2006 and one
development in Tseung Kwan O comprising 1,676 residential units is to be
completed in 2007.
The Department issued
five consents for the sale of 453 uncompleted residential units in
September 2005. These five developments are located in various districts
of Hong Kong. One development in Yuen Long comprising 120 residential
units is estimated to be completed in November 2005. The remaining four
developments are estimated by the developers to be completed in 2006. Four
consents for the sale of uncompleted commercial developments were issued
in September 2005.
As at the end of
September 2005, eight applications for consent to sell uncompleted
residential developments involving a total of 5,619 residential units and
six applications for commercial developments were pending approval. Three
of the residential developments involving 2,369 residential units are
estimated to be completed within 2006 and the remaining five developments
involving 3,250 residential units by August 2007.
There were also four
applications pending approval for consent to assign 3,898 residential
units and one application for consent to assign a commercial development.
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 September 2005 by dialling LACO's Hotline No.
2147 5475 or on the Lands Department Website at www.info.gov.hk/landsd/.
The names of the
developer, its solicitors, authorized 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 contained in the sale brochures, printed
advertisements and websites of individual developments.
Intending purchasers are
advised to study details of the development and the sale procedures,
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 including a
Chinese version) also contains 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, amounts of any
deposit and other relevant details, which intending purchasers are
recommended to read carefully.
Ends/ Thursday, 6 October, 2005
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