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Lands Department issues eight pre-sale consents in third quarter of 2022
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     ​The Lands Department (LandsD) announced today (October 7) that eight pre-sale consents for residential developments involving a total of 5 578 residential units were issued in the third quarter of 2022.

     The eight pre-sale consents are for residential developments (all being phased developments) to be completed from 2023 to 2025. Details are as follows:
 
Expected year of completion for the developments Developments
2023
  • Three phases of a development in Fanling (1 576 units)
  • One phase of a development in Yuen Long (384 units)
  • One phase of a development in Tuen Mun (800 units)
2024
  • One phase of a development in Kai Tak (1 017 units)
2025
  • One phase of a development in Kai Tak (1 121 units)
  • One phase of a development in Yuen Long (680 units)

     The department also issued two consents to assign in the third quarter, involving a total of 495 residential units in a phased development in Kwun Tong.

     As at September 30, 2022, 43 applications for pre-sale consent for residential developments with a total of 20 885 residential units were being processed. Details are as follows:
 
No. of applications Expected year of completion for the developments No. of residential units involved
3 2023 497
21 2024 8 909
18 2025 11 296
1 2026 183

     In addition, seven applications for consent to assign involving a total of 5 094 residential units and three non-residential units and five applications for pre-sale consent for non-residential developments were being processed.

     Members of the public can obtain up-to-date information on consents issued for the past quarter and cases pending approval as at September 30, 2022, by visiting the LandsD'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, as well as a summary of the provisions of the government land grant, which intending purchasers are recommended to read carefully.
 
Ends/Friday, October 7, 2022
Issued at HKT 17:00
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