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The Lands Department announced today (September 6) that it had issued a pre-sale consent for residential development, two pre-sale consents for commercial developments and a consent to assign for residential development in August.
The pre-sale consent for residential development involves 411 residential units at Welfare Road, Aberdeen, which are expected to be completed in December 2012. The consent to assign involves 1,416 residential units in a development in Tseung Kwan O.
As at the end of August, 19 applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial developments were pending approval.
The 19 applications for pre-sale consent for uncompleted residential units being processed involve a total of 7,927 units. Among them, two developments involving a total of 81 units are expected to be completed this year, while 11 applications involving a total of 4,794 units are expected to be completed in 2012 and five applications involving a total of 3,003 units are expected to be completed in 2013. For the remaining development involving 49 units, the expected completion date is to be updated by the developer.
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.
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 August, 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 advertisements, sales brochures 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/Tuesday, September 6, 2011
Issued at HKT 18:04
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