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Lands Department issues eight pre-sale consents in second quarter of 2014
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     The Lands Department issued seven pre-sale consents for residential developments and one pre-sale consent for commercial development in the second quarter of 2014.

     The seven pre-sale consents for residential developments involved a total of 2,107 uncompleted residential units. A development in Kowloon Tong, comprising 41 residential units, was estimated to be completed in 2014. Five developments in Cheung Sha on Lantau Island, Austin Road West in Kowloon, Hung Hom and Tai Po, comprising a total of 1,893 residential units, were estimated to be completed in 2015. The remaining development in Hung Hom, comprising 173 residential units, was estimated to be completed in 2016.

     The department also issued one consent to assign for residential development in the second quarter of 2014. The consent to assign involved 102 residential units in a development in Discovery Bay.

     As at the end of June 2014, 30 applications for pre-sale consent for residential developments and seven applications for pre-sale consent for commercial developments were being processed.

     The 30 applications in respect of residential developments being processed involved a total of 9,412 units. Details are set out as follows:

No. of         Year in which    No. of residential
applications   developments are   units involved
               estimated to be
               completed
1@@@@        2014                 33
9                2015                858
17               2016               7,395
3                2017               1,126

     In addition, two applications for consent to assign involving a total of 1,250 residential units were being processed.

     Members of the public can obtain up-to-date information on pre-sale consents for residential developments issued for the past quarter, and cases pending approval as at the end of June 2014, by calling the Legal Advisory and Conveyancing Office's hotline (2147 5475) or 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 a summary of the provisions of the Deed of Mutual Covenant, including information on common parts, undivided shares, terms of appointment of the manager, principle/basis of fixing the management fee, apportionment of management expenses, the management fee deposit and retained areas (if any), as well as a summary of the provisions of the government land grant, which intending purchasers are recommended to read carefully.

Ends/Friday, July 4, 2014
Issued at HKT 17:36

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