4
20 pre-sale consent applications approved
The Lands Department approved 20 applications for consent to the pre-sale of residential and non-residential units in uncompleted developments between October and December 1996.
Of the 20 applications, 14 were for the pre-sale of 8,292 residential units on Hong Kong Island and outlying islands, and in Kowloon, Kwai Tsing, Sai Kung and Sha Tin. The majority of these units are estimated to be completed before end of 1997.
The other six applications were for the pre-sale of non-residential units on Hong Kong Island and outlying islands, and in Kowloon, Sha Tin, Tuen Mun and Tai Po.
In addition, four consents to assign residential units were approved where occupation permits had been issued involving 1,904 units on Hong Kong Island and in Kowloon, North and Sha Tin.
A total of 16 deeds of mutual covenant and management agreement, four deeds of mutual covenant, three management agreements and four sub-deeds of mutual covenant for residential or non-residential developments were also approved during the quarter.
At the end of December 1996, a total of 20 applications for pre-sale consent involving 13,679 residential units and 11 applications in respect of non-residential developments were being processed.
These developments are located throughout the territory. The majority are estimated to be completed between late 1997 and March 1998.
The Lands Department has given consent to a total of 29,280 residential units since the introduction of new measures for the pre-sale of residential units in June 1994.
Four Private Sector Participation Scheme projects (totalling 5,810 units), four Sandwich Class Housing developments (totalling 3,602 units) and three Flat-for-sale Scheme projects (totalling 3,030 units), which are not subject to the new measures, have also been given pre-sale consent since June 1994.
End