- 2 -
Pre-sale consents for 18,323 residential units issued
*
The Lands Department issued 36 consents to the pre-sale of 18,323 residential units in 1996, the Principal Solicitor of the Lands Department, Mr Tom Berry, said today (Saturday).
"The majority of these units are estimated to be completed by the middle of this year. Some of them have already been put on sale in the market while the remainder are still in the hands of the developers," Mr Berry said.
"Four developments by the Hong Kong Housing Society will be completed after June 1998."
He added that 14 of the 36 consents were granted in the fourth quarter of last year, covering 8,292 residential units located on Hong Kong Island and outlying islands, and in Kowloon, Kwai Tsing, Sai Kung and Sha Tin.
"Most of these units are estimated to be completed before the end of 1997," Mr Berry said.
As at the end of last month (December), the Lands Department was processing 20 applications for pre-sale consent, which cover 13,679 residential units, said Mr Berry.
Of these 20 applications, one is a Private Sector Participation Scheme project (with 2,340 units) and two are Hong Kong Housing Society's Flat-for-Sale developments (with a total of 1,432 units). The remaining 17 developments totalling 9,907 units are private developments subject to the 1994 measures.
"These developments are located throughout the territory and most will be completed within late 1997 and March 1998," he said.
The Lands Department has given consent to 29,280 residential units since the introduction of new measures for 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 new measures, have also received pre-sale consent since June 1994.
End