One pre-sale consent issued in July
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The Lands Department announced today (August 6) that it had issued a pre-sale consent for residential development in July.

The pre-sale consent for residential development, involving 782 units in Tseung Kwan O, is estimated to be completed in 2014.

As at the end of July, 20 applications for pre-sale consent for uncompleted residential developments and three applications for pre-sale consent for uncompleted commercial developments were pending approval.

The 20 applications for pre-sale consent for uncompleted residential developments being processed involved a total of 9,088 units. Among them, two developments involving a total of 315 units are estimated to be completed this year, while 11 developments involving a total of 6,404 units are estimated to be completed in 2013 and seven developments involving a total of 2,369 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 month, and cases pending approval as at the end of July, 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/Monday, August 6, 2012

 


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Table 1 - PARTICULARS OF PRESALE CONSENT AND CONSENT TO ASSIGN ISSUED FROM 01/07/2012 to 31/07/2012(PDF file)

Accessible version (PDF file)

Table 2 - PARTICULARS OF APPLICATION FOR PRESALE CONSENT AND CONSENT TO ASSIGN PENDING APPROVAL AS AT 31/07/2012 (PDF file)

Accessible version (PDF file)



 
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