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The Lands Department announced today (April 7) that it had issued three pre-sale consents to sell units in uncompleted developments in the first quarter of 2011, of which two consents were for the sale of residential units and one was for the sale of commercial development.
The two pre-sale consents for residential units involved a residential development in Tuen Mun and another in Yuen Long, comprising a total of 1,193 units, which are expected to be completed in September 2011.
As at the end of March, 20 applications for pre-sale consent for uncompleted residential units and four applications for pre-sale consent for uncompleted commercial developments were being processed.
The 20 applications for pre-sale consent for uncompleted residential units being processed involve a total of 8,620 units. Among them, three developments involving a total of 248 units are expected to be completed in 2011, 13 developments involving a total of 5,999 units are expected to be completed in 2012, and two developments involving a total of 2,259 units are expected to be completed in 2013. For the remaining two developments involving a total of 114 units, the expected completion dates are to be updated by the developers.
In addition, two applications for consent to assign involving a total of 2,784 residential units and one application for consent to assign for commercial development are being processed.
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 March, by calling the 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 sale procedures, through information available from public advertisements, sales brochures and price lists released by the developer, before making a deposit for a purchase. Sales brochures for a development should be available in English and Chinese and also contain 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/Thursday, April 7, 2011
Issued at HKT 16:16
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