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The Lands Department issued two consents for the sale of 1,046 residential units last month, a spokesman for the department said today (March 6).
The residential developments located in Kwai Chung and Sha Tin are expected to be completed by August 2007 and September 2007 respectively.
The department also issued a consent to assign last month involving 511 residential units.
At February 28, there were eight applications for presale consent pending approval, involving a total of 4,241 residential units. Among them, two applications involving 2,159 units are expected to be completed this year. The other six applications involving 2,082 units should be completed in 2007.
There were also four applications for presale consent for commercial developments pending approval at the end of last month.
In addition, there were three applications for consent to assign involving 2,656 residential units 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 at the end of February, 2006 by calling the Legal Advisory and Conveyancing Office's Hotline 2147 5475 or by checking the Lands Department website at www.landsd.gov.hk.
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 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 deposit and other relevant details, which intending purchasers are recommended to read carefully.
Ends/Monday, March 6, 2006
Issued at HKT 17:06
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