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The Lands Department announced today (March 4) that 20 applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial development were pending approval as at the end of February.
The 20 applications for pre-sale consent for uncompleted residential units being processed involved a total of 8,263 units. Among them, four developments involving a total of 982 units are estimated to be completed this year, while 13 applications involving a total of 5,999 units are estimated to be completed in 2012 and an application involving 1,168 units is estimated to be completed in 2013. For the remaining two developments involving a total of 114 units, the estimated completion dates are to be updated by the developers.
In addition, one application for consent to assign involving 1,368 residential units and one application for consent to assign for commercial development are being processed.
No pre-sale consent or consent to assign for residential or commercial development was issued in February.
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 February, by calling the Legal Advisory and Conveyancing Office's hotline (2147 5475) or by visiting the Lands Department website (www.landsd.gov.hk).
Intending purchasers are advised to carefully study details of the development and sales 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 provided in both English and Chinese also contains the main points of the Deed of Mutual Covenant including information on common parts, undivided shares, terms of appointment of manager, principle/basis of fixing management fee, apportionment of management expenses, management fee deposit, retained areas (if any) and other relevant details, as well as any special features of the Government land grant, which intending purchasers are recommended to read carefully.
Ends/Friday, March 4, 2011
Issued at HKT 17:09
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