Five pre-sale consents issued in the second
quarter of 2005
The Lands Department issued a total of five consents for the sale of residential units in uncompleted developments between April and June 2005. The department also issued four consents to assign for residential developments and one consent to assign for commercial development in this period.
A spokesman for the Lands Department said today (July 7) that the five consents involved 1,803 residential units located on Hong Kong Island and in Kowloon and Sha Tin. The Occupation Permit for the development in Sha Tin comprising 92 residential units has already been issued. The remaining four developments with 1,711 residential units are expected by the developers to be completed in 2006. The four consents to assign residential development involve 1,511 units.
The department issued three consents for the sale of 657 uncompleted residential units in June 2005. All three developments are located on Hong Kong Island and are expected by the developers to be completed in 2006. Three consents to assign 431 residential units and one consent to assign a commercial development were issued in June 2005.
At the end of June 2005, 14 applications for consent to sell uncompleted residential developments involving a total of 6,783 residential units and nine applications for commercial developments were pending approval. One of the residential developments involving 120 residential units is expected to be completed within 2005, 12 developments involving 4,987 residential units within 2006 and the remaining one development involving 1,676 residential units by February 2007.
There were also four applications pending approval for consent to assign, two in respect of commercial developments and two residential developments comprising 1,952 units.
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 at the end of June 2005 by dialling the Legal Advisory and Conveyancing Office hotline 2147 5475 or by visiting the Lands Department 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 contained in the sale brochures, printed advertisements and websites of individual developments.
Intending purchasers are advised to study details of the development and the sale proceedings, through information available from public advertisement, sales brochure and price lists released from 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 deposit and other relevant details.
Ends/Thursday, July 7, 2005
Issued at HKT 17:00
Particulars of Presale Consent and Consent to Assign Issued for the period from 01/06/2005 to 30/06/2005
Particulars of Applications for Presale Consent and Consent to Assign Pending Approval as at 30/06/2005
Particulars of Presale Consent And Consent to Assign Issued for the Period from 01/04/2005 to 30/06/2005