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The Lands Department today (November 5) announced that it had issued one pre-sale consent for residential units and one for commercial units in October.
The pre-sale consent for residential units involved 96 residential units in Wai Chai, which are estimated to be completed in April 2010.
As at the end of October, 17 applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial developments were pending approval.
The 17 applications for pre-sale consent for uncompleted residential units being processed involved a total of 9,869 units. Among them, three developments involving a total of 193 units are estimated to be completed this year, while nine applications involving a total of 5,318 units are estimated to be completed in 2010, and five applications involving a total of 4,358 units are estimated to be completed in 2011.
Members of the public can obtain up-to-date information on pre-sale consents for uncompleted residential developments issued for the last six months, and cases pending approval as at the end of October 2009 by calling Legal Advisory and Conveyancing Office's hotline (2147 5475) or on the Lands Department website (www.landsd.gov.hk).
Intending purchasers are advised to carefully study details of the development and the sale procedures, through information available from public advertisement, sales brochure 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, November 5, 2009
Issued at HKT 17:07
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