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The Lands Department announced today (May 7) that it had issued a pre-sale consent for residential development in April.
The pre-sale consent for residential development involved 462 units in Tai Kok Tsui, which are expected to be completed in 2013.
As at the end of April, 20 applications for pre-sale consent for uncompleted residential developments and two 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 9,102 units. Among them, five developments involving a total of 554 units are estimated to be completed this year, while 10 developments involving a total of 6,873 units are estimated to be completed in 2013 and four developments involving a total of 1,626 units are estimated to be completed in 2014. For the remaining development involving 49 units, the estimated completion date is to be updated by the developer.
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 six months, and cases pending approval as at the end of April, by calling the Legal Advisory and Conveyancing Office's hotline (2147 5475) or on the Lands Department website (www.landsd.gov.hk).
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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, May 7, 2012
Issued at HKT 17:01
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