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The Lands Department today (September 6) announced that it had issued one consent for residential units in August, 2007.
The consent to sell involved 1,892 uncompleted residential units in Tin Shui Wai, which are estimated to be completed in March, 2008.
The department had also issued a consent to assign residential development which involved 783 units in Tung Chung, Lantau.
As at the end of August, 10 applications for consent to sell residential units and six applications for consent to sell commercial developments were pending approval.
The applications for consent to sell residential units being processed involved 7,558 units. Among them, six applications, involving 2,166 units, are estimated to be completed in 2008 and the remaining four applications, involving 5,392 units, are estimated to be completed in 2009.
There were also two applications for consent to assign involving 953 residential units and one application for consent to assign for commercial development pending approval.
People 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 August, 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/Thursday, September 6, 2007
Issued at HKT 17:01
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