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The Lands Department announced today (May 6) that it issued two pre-sale consents to sell residential units in uncompleted developments in April.
The two pre-sale consents for residential units involve a residential development in Tseung Kwan O and another in Wong Tai Sin, comprising a total of 1,996 units, which are expected to be completed in March 2012 and September 2012 respectively.
As at the end of April, 22 applications for pre-sale consent for uncompleted residential units and four applications for pre-sale consent for uncompleted commercial developments were being processed.
The 22 applications for pre-sale consent for uncompleted residential units being processed involve a total of 10,275 units. Among them, two developments involving a total of 84 units are expected to be completed in 2011, 14 developments involving a total of 6,037 units are expected to be completed in 2012, and four developments involving a total of 4,040 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 April, by calling the Legal Advisory and Conveyancing Office's hotline at 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 both 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/Friday, May 6, 2011
Issued at HKT 18:17
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