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The Lands Department announced today (January 6) that it had issued nine pre-sale consents for uncompleted developments in the fourth quarter of 2011, of which six consents were for the sale of residential units and three were for the sale of commercial units.
The six pre-sale consents for residential developments involve a total of 3,277 uncompleted units located in various districts of Hong Kong. Five developments in Sha Tin, Kowloon Tong, West Kowloon, Tai Po and Hung Hom, comprising a total of 3,212 units, are estimated to be completed from August to December this year. Another development in Ma Wan comprising 65 units is estimated to be completed in February 2013.
As at the end of December 2011, 15 applications for pre-sale consent for uncompleted residential developments are being processed.
The 15 applications for pre-sale consent for uncompleted residential developments being processed involve a total of 7,616 units. Among them, four developments involving a total of 607 units are estimated to be completed this year, and 10 developments involving a total of 6,960 units are estimated to be completed in 2013. For the remaining development involving 49 units, the estimated completion date is to be updated by the developer.
In addition, one application for consent to assign involving 164 residential units and one application for consent to assign for commercial development are being processed.
Members of the public can obtain up-to-date information on pre-sale consents for uncompleted residential developments issued for the last six months, and cases pending approval as at the end of December 2011, by calling the Legal Advisory and Conveyancing Office's hotline (2147 5475) or by visiting the Lands Department website (www.landsd.gov.hk).
Intending purchasers are advised to carefully study details of the development and the sales procedures from 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 the 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/Friday, January 6, 2012
Issued at HKT 17:35
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