One pre-sale consent for residential units issued in February
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The Lands Department announced today (March 6) that it had issued one consent for residential units in February, 2007.

The consent to sell involved 709 uncompleted residential units located in Pokfulam which is estimated to be completed in September 2008.

As at the end of February 2007, ten 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 residential units being processed involved a total of 2,915 units. Among them, two applications involving 96 units are estimated to be completed in 2007. Seven applications, involving 2,635 units, are estimated to be completed in 2008 and the remaining application, involving 184 units, is estimated to be completed in March 2009.

In addition, there were five applications for consent to assign involving 3,509 residential units pending approval.

Members of the public may obtain up to date information on consents to sell units in uncompleted residential or commercial developments issued for the last six months and cases pending approval as at the end of February, 2007 by calling the 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/Tuesday, March 6, 2007

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• Particulars of presale consent and consent to assign issued from 01/02/2007 to 28/02/2007 (pdf format)
  　
• Particulars of applications for presale consent and consent to assign pending approval as at 28/02/2007 (pdf format)
  

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