19 pre-sale consent applications for residential developments pending approval
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The Lands Department announced today (February 6) that as at January 31, 2008, it was processing 19 applications for consent to sell uncompleted residential developments involving a total of 10,463 residential units.

Among the 19 applications, nine residential developments involving 3,592 residential units are estimated to be completed within 2008 and the remaining 10 developments involving 6,871 residential units by October, 2009.

As at the end of January, 2008, five applications for consent to sell uncompleted commercial developments were pending approval.

In addition, there was one application for consent to assign involving 1,892 residential units and one application for consent to assign for commercial development being processed.

Members of the public can 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 January, by calling the Legal Advisory and Conveyancing Office's Hotline 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.

Intending purchasers 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/Wednesday, February 6, 2008

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• Particulars of presale consent and consent to assign issued from 01/01/2008 to 31/01/2008 (pdf format)
  　
• Particulars of applications for presale consent and consent to assign pending approval as at 31/01/2008 (pdf format)
  

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