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The Lands Department today (June 4) announced that it had issued one pre-sale consent each for residential units and commercial units in May.
The two pre-sale consents involved 14 residential units in Kowloon Tong and 45 commercial units in Kowloon Bay respectively. These developments are estimated to be completed in May 2010 and December this year repectively.
At the end of May 2009, 16 applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial developments were pending approval.
The 16 applications for pre-sale consent for uncompleted residential developments being processed involved a total of 6,551 units. Among them, five developments involving 624 units are estimated to be completed this year, while 10 applications involving 5,597 units are estimated to be completed in 2010. The remaining application, involving 330 units, is estimated to be completed in 2011.
In addition, two applications for consent to assign involving a total of 2,596 residential units are being processed.
Members of the public can obtain up-to-date information on consents to sell units in uncompleted residential developments issued for the last six months, and cases pending approval as at the end of May 2009, by calling the Legal Advisory and Conveyancing Office's hotline at 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 advertisements, sales brochures 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, June 4, 2009
Issued at HKT 17:00
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