Four pre-sale consents issued in May
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The Lands Department announced today (June 6) that it had issued four pre-sale consents for residential developments in May.

The four pre-sale consents for residential developments involved a total of 1,869 units. One development in Tsuen Wan comprising 13 units is estimated to be completed this October. The remaining three developments in Tai Po, Sha Tin and Cheung Sha Wan, comprising a total of 1,856 units, are estimated to be completed in 2013.

As at the end of May, 18 applications for pre-sale consent for uncompleted residential developments and two applications for pre-sale consent for uncompleted commercial developments were pending approval.

 The 18 applications for pre-sale consent for uncompleted residential developments being processed involved a total of 8,133 units. Among them, three developments involving a total of 439 units are estimated to be completed this year, while nine developments involving a total of 5,194 units are estimated to be completed in 2013 and six developments involving a total of 2,500 units are estimated to be completed in 2014.

 In addition, one application for consent to assign involving 164 residential units is being processed.

Members of the public can obtain up-to-date information on pre-sale consents for uncompleted residential developments issued for the past six months, and cases pending approval as at the end of May, by calling the 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 advertisements, sales brochures and price lists released by the developer, before making a deposit for a purchase. The sales brochure for a development provided in both English and Chinese also contains the main points of the Deed of Mutual Covenant, including information on common parts, undivided shares, terms of appointment of manager, principle/basis of fixing management fee, apportionment of management expenses, management fee deposit, retained areas (if any) and other relevant details, as well as any special features of the Government land grant, which intending purchasers are recommended to read carefully.

 

 

 

 


Ends/Wednesday, June 6, 2012

 


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Table 1 - PARTICULARS OF PRESALE CONSENT AND CONSENT TO ASSIGN ISSUED FROM 01/05/2012 to 31/05/2012(PDF file)

Accessible version (PDF file)

Table 2 - PARTICULARS OF APPLICATION FOR PRESALE CONSENT AND CONSENT TO ASSIGN PENDING APPROVAL AS AT 31/05/2012 (PDF file)

Accessible version (PDF file)



 
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