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The Lands Department issued six pre-sale consents for residential developments and one pre-sale consent for commercial development in the third quarter of 2013.
The six pre-sale consents for residential developments involved a total of 3,824 uncompleted residential units. Five developments in Yuen Long, Tuen Mun, Yuet Wah Street in Kowloon, Shau Kei Wan Road in Hong Kong and Fanling, comprising a total of 3,248 residential units, are estimated to be completed in 2014. The remaining development at Wui Cheung Road in Kowloon, comprising 576 residential units, is estimated to be completed in 2015.
The department also issued one consent to assign for residential development in the third quarter of 2013. The consent to assign involved 1,075 residential units in a development in Tuen Mun.
Together with the seven pre-sale consents for residential developments issued in the last two quarters, the department has so far issued 13 pre-sale consents for residential developments comprising a total of 7,166 residential units in 2013.
As at the end of September 2013, 22 applications for pre-sale consent for uncompleted residential developments and five applications for pre-sale consent for uncompleted commercial developments were being processed.
The 22 applications in respect of uncompleted residential developments being processed involved a total of 9,328 units, broken down as follows:
No. of Year in which No. of
applications developments residential
estimated units involved
to be completed
4 2013 486
7 2014 5,585
8 2015 2,113
3 2016 1,144
In addition, two applications for consent to assign involving a total of 1,030 residential units and two applications for consent to assign for commercial developments are being processed.
Members of the public can obtain up-to-date information on pre-sale consents for uncompleted residential developments issued for the past quarter, and cases pending approval as at the end of September 2013, 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/Monday, October 7, 2013
Issued at HKT 18:28
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