Lands Department - Pre-sale Consents

Three pre-sale consents issued in January
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The Lands Department today (February 4) announced that it had issued one pre-sale consent for residential units and two for commercial units in January.

The pre-sale consent for residential development involved 94 residential units in Tai Hang Road, which are estimated to be completed in September 2010.

As at the end of January, 16 applications for pre-sale consent for uncompleted residential units and one application for pre-sale consent for uncompleted commercial development were pending approval.

The 16 applications for pre-sale consent for uncompleted residential units being processed involved a total of 6,561 units. Among them, seven developments involving a total of 1,309 units are estimated to be completed this year, while seven applications involving a total of 5,138 units are estimated to be completed in 2011. For the remaining two developments involving a total of 114 units, the estimated completion dates are to be updated by the developers.

Members of the public can obtain up-to-date information on pre-sale consents for uncompleted residential developments issued for the last six months, and cases pending approval as at the end of January by calling Legal Advisory and Conveyancing Office's hotline (2147 5475) or on the Lands Department website (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/Thursday, February 4, 2010

Table 1 -	Particulars of presale consent and consent to assign issued from 01/01/2010 to 31/01/2010 (PDF format)
Table 2 -	PARTICULARS OF APPLICATION FOR PRESALE CONSENT AND CONSENT TO ASSIGN PENDING APPROVAL AS AT 31/01/2010 (PDF format)

　

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