The Lands Department issued one consent for the sale of 1,054 residential units in April, a spokesman for the Department said today (May 6).
The residential development, located in Kowloon, is estimated to be completed in May 2006.
At the end of April, there were 16 applications for pre-sale consent pending approval, involving a total of 6,006 residential units. Among them, three applications involving 316 residential units are estimated to be completed in 2005. Thirteen applications involving 5,690 residential units are estimated to be completed in or before September 2006.
There were two applications for pre-sale consent for commercial developments pending approval at the end of April 2005.
In addition, there were four applications for consent to assign involving 1,887 residential units and three applications for consent to assign for commercial developments pending approval.
Members of the public 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 April 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 advertisements, sales brochures and price lists released by the developer before making a deposit for a purchase. The sales brochure for a development (normally containing 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, management fee deposit and others.
Ends/Friday, May 6, 2005