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15 pre-sale consent applications for residential developments pending approval

    The Lands Department announced today (December 6) that as at November 30, 2007, it was processing 15 applications for consent to sell uncompleted residential developments involving a total of 10,791 residential units.

     Among the 15 applications, eight residential developments involving 4,692 residential units are estimated to be completed within 2008 and the remaining seven developments involving 6,099 residential units by October 2009.

     At the end of November 2007, six applications for consent to sell uncompleted commercial developments were pending approval.

     In addition, there were two applications for consent to assign involving 2,816 residential units and one application for consent to assign for commercial development being processed.

     Members of the public can obtain up-to-date information on consents to sell units in uncompleted residential or commercial developments issued for the last six months, and cases pending approval as at the end of November, by calling the Legal Advisory and Conveyancing Office's Hotline 2147 5475 or on the Lands Department website at

     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 (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 deposits and other relevant details, as well as any special features of the Government land grant, which intending purchasers are recommended to read carefully.

     Intending purchasers should also note that developers may hold sales of units by private sale direct with purchasers, for which, under the consent scheme, price lists are not required to be produced.

Ends/Thursday, December 6, 2007
Issued at HKT 17:00


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