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The Lands Department issued six pre-sale consents for residential developments in the third quarter of 2015.
The six pre-sale consents for residential developments involved a total of 1,333 uncompleted residential units. Three developments in the Mid-Levels, Sha Tin and Yuen Long, comprising a total of 642 residential units, are expected to be completed in 2016. The remaining three developments in Cheung Sha Wan and Tsim Sha Tsui, comprising a total of 691 residential units, are expected to be completed in 2017.
Together with four and seven consents issued for residential developments in the first and second quarter respectively, the department has issued 17 consents involving 5,565 residential units since January 2015.
As at the end of September 2015, 30 applications for pre-sale consent for residential developments and eight 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 14,412 residential units. Details are set out as follows:
Year in which
developments
No. of are expected No. of residential
applications to be completed units involved
------------ --------------- ------------------
1 2015 10
13 2016 4,845
9 2017 5,179
6 2018 3,358
1 2020 1,020
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 September 2015, 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 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/Tuesday, October 6, 2015
Issued at HKT 17:01
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