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The Lands Department issued three consents for the sale of 173 residential units in February, a spokesman for the department said today (March 4).
The residential developments, located in Tung Chung, Yuen Long and Sheung Shui, are estimated to be completed by June, 2005.
The department issued one consent to assign involving 1,240 residential units in February.
At the end of February, there were 17 applications for pre-sale consent pending approval, involving a total of 8,895 residential units. Among them, four applications involving 574 residential units are estimated to be completed in 2005. Six applications involving 2,922 residential units are estimated to be completed by July, 2006, and seven applications with 5,399 residential units are estimated to be completed by September, 2006.
There were two applications for pre-sale consent for commercial developments pending approval as at the end of February, 2005.
In addition, there were three applications for consent to assign involving 1,111 residential units and three applications for consent to assign for commercial developments pending approval.
People may obtain up-to-date information on consents to sell residential units in uncompleted developments issued for the last six months and cases pending approval as at the end of February, 2005, by dialling Legal Advisory & Conveyancing Office's Hotline 2147 5475 or visiting the Lands Department's website at www.info.gov.hk/landsd/.
The names of the developer, its solicitors, authorised person (including the name of the firm), the main superstructure contractor, and, where applicable, the parent company of the developer, the mortgagee bank, the undertaking bank and the financier in respect of individual developments are also available to the public in the form of reports obtainable through the fax-on-demand facilities of the Hotline or the Lands Department website. This information is also available in the sale brochures, printed advertisements and websites.
Intending purchasers are advised to study details of the development and the sale proceedings, through information available from public advertisement, sales brochure and price lists released from the developer before making a deposit for a purchase. The sales brochure for a development (normally containing a Chinese version also) contains also 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, management fee deposit and others.
Ends/Friday, March 4, 2005
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