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The Lands Department released today (November 6) its monthly report on the issue of pre-sale consents - it had issued one pre-sale consent for residential development and two pre-sale consents for commercial developments in October.
The pre-sale consent for residential development, involving 124 units in Yau Tong, is estimated to be completed in April 2013.
As at the end of October, 20 applications for pre-sale consent for uncompleted residential developments and four applications for pre-sale consent for uncompleted commercial developments were being processed.
The 20 applications in respect of uncompleted residential developments being processed involved a total of 10,448 units, broken down as follows -.
No. of Year in which No. of residential
applications developments units involved
estimated
to be completed
1 2012 293
6 2013 1,654
12 2014 7,513
1 2015 988
In addition, an application for consent to assign involving 51 residential units is being processed.
Members of the public can obtain up-to-date information on pre-sale consents for uncompleted residential developments issued for the past month, and cases pending approval as at the end of October, by calling the Legal Advisory and Conveyancing Office's hotline (2147 5475) or by visiting the Lands Department's 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 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, November 6, 2012
Issued at HKT 20:44
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