Lands Department issues 12 pre-sale consents in second quarter of 2017
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The eight pre-sale consents for seven residential developments (of which three are phased developments) involved a total of 4,546 residential units. One development in Sha Tin, comprising 12 residential units, is expected to be completed in 2017. Three developments in Tai Tam, Kai Tak and Sha Tau Kok, a phase of one development in North Point and a phase of one development in Yuen Long, comprising a total of 2,128 residential units, are expected to be completed in 2018. Two phases of the remaining one development in Tsuen Wan, comprising 970 residential units and 1,436 residential units, are expected to be completed in 2018 and 2019.
The department also issued three consents to assign in the second quarter of 2017. The three consents involved a total of 1,491 residential units and two commercial units in two developments in Yuen Long.
As at the end of June 2017, 28 applications for pre-sale consent for residential developments and 10 applications for pre-sale consent for commercial developments were being processed.
The 28 applications in respect of residential developments being processed involved a total of 9,022 residential units. Details are set out as follows:
| No. of applications | Year in which developments are expected to be completed | No. of residential units involved |
| 3 | 2017 | 319 |
| 9 | 2018 | 1,413 |
| 14 | 2019 | 6,670 |
| 1 | 2021 | 330 |
| 1 | 2022 | 290 |
Members of the public can obtain up-to-date information on consents issued for the past quarter and cases pending approval as at the end of June 2017 by visiting the Lands Department's website (www.landsd.gov.hk).
Intending purchasers are advised to study carefully the 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 purchase. The sales brochure for a development also contains a summary of the provisions of the Deed of Mutual Covenant, including information on the common parts, the number of undivided shares assigned to each unit, the term of years for which the manager is appointed, the basis on which the management expenses are shared among the owners of the units, the basis on which the management fee deposit is fixed and the 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/Thursday, July 6, 2017
Issued at HKT 17:00
Issued at HKT 17:00
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