Twelve residential applications for presale consent pending approval in September 2006
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The Lands Department issued a total of eight consents to sell units in uncompleted developments in the third quarter of 2006, of which five consents were for the sale of residential units and three were for the sale of uncompleted commercial units. The Department also issued one consent to assign units in a completed residential development in this period.

The Lands Department announced today (October 6) that the five consents to sell involved a total of 4,743 uncompleted residential units located in various districts of Hong Kong. Four developments in Wan Chai, Tung Chung and Ma Wan comprising 2,647 residential units are estimated to be completed in 2007, with the earliest in April and the latest in October 2007. One development in Tseung Kwan O comprising 2,096 residential units is estimated to be completed in February 2008. The consent to assign completed units involved 1,576 units in a Tuen Mun development.

As at the end of September 2006, twelve applications for consent to sell residential units and seven applications for consent to sell commercial developments, were pending approval.

The applications for consent to sell uncompleted residential units being processed involve a total of 3,831 residential units. Among them, one development involving 11 residential units is estimated to be completed in 2006. The other eleven, involving a total of 3,820 units, are estimated to be completed in 2007 and 2008.

In addition, there were two applications for consent to assign involving 2,217 completed residential units pending approval.

Members of the public can obtain up to date information on consents to sell units in uncompleted residential developments issued for the last six months and cases pending approval as at the end of September 2006 by dialling Legal Advisory and Conveyancing Office's Hotline No. 2147 5475 or on the Lands Department website at www.landsd.gov.hk.

Intending purchasers are advised to carefully study details of the development and the sale procedures, through information available from public advertisement, sales brochure and price lists released by 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 deposits and other relevant details, as well as any special features of the Government land grant, which intending purchasers are recommended to read carefully. They should also note that developers may hold sales of units by private sale direct with purchasers, for which, under the Consent Scheme, price lists are not required to be produced.

Ends/Friday, October 6, 2006

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• Particulars of presale consent and consent to assign issued from 01/09/2006 to 30/09/2006(pdf format)
  　
• Particulars of applications for presale consent and consent to assign pending approval as at 30/09/2006(pdf format)
  

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