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The Lands Department announced today (February 8) that it issued a pre-sale consent for residential development and one for commercial development in January.
The pre-sale consent for residential development involves 459 residential units in So Kwun Wat, Tuen Mun, which are expected to be completed in September this year.
As at the end of January, 18 applications for pre-sale consent for uncompleted residential units and two applications for pre-sale consent for uncompleted commercial developments were pending approval.
The 18 applications for pre-sale consent for uncompleted residential units being processed involved a total of 7,067 units. Among them, four developments involving a total of 982 units are expected to be completed this year, while 12 applications involving a total of 5,971 units are expected to be completed in 2012. For the remaining two developments involving a total of 114 units, the expected completion dates are to be updated by the developers.
In addition, one application for consent to assign involving 1,368 residential units and one application for consent to assign for commercial development are being processed.
Members of the public can obtain up-to-date information on pre-sale consents for uncompleted residential developments issued for the last six months, and cases pending approval as at the end of January, by calling the Legal Advisory and Conveyancing Office's hotline (2147 5475) or by visiting the Lands Department website (www.landsd.gov.hk).
Intending purchasers are advised to carefully study details of relevant development and sales procedures, through information available from public advertisement, sales brochures and price lists released by the developer, before making a deposit for a purchase. The sales brochure for a development, available 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/Tuesday, February 8, 2011
Issued at HKT 16:02
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