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Pre-sale consent approved in the last quarter of 1995
The Lands Department had approved a total of 14 applications for consent to pre-sale of residential and non-residential units in uncompleted developments during the last quarter of 1995.
Of the 14 applications, eight are for the pre-sale of a total of 6,914 residential units. These units, located in Hong Kong Island, Kowloon, North, Tai Po, Tsuen Wan and Yuen Long districts, are estimated by the developers to be completed between February and December 1996.
The other six are for the pre-sale of non-residential units located in Hong Kong Island, Kowloon, North, Sha Tin and Tai Po districts.
In addition, four consents to assign residential units were approved where occupation permits had been issued involving 2,800 units in Hong Kong Island, Kowloon, Sha Tin and Yuen Long districts.
A total of 13 Deeds of Mutual Covenant, two Sub-deeds of Mutual Covenant and one Management Agreement for residential or non-residential developments were also approved during the quarter.
At the end of December 1995, a total of 11 applications for pre-sale consent involving 3,744 residential units and four applications in respect of non-residential developments are pending for approval.
These developments are located in a variety of districts throughout the territory and the majority are estimated to be completed in early to mid 1996.
Since the measures for pre-sale were introduced by the Government in June 1994, consent has been given to 23,399 residential units including four Private Sector Participation Scheme projects (involving a total of 5,810 units), one Sandwich Class Housing development (involving 1,024 units) and one Flat-for-sale Scheme (involving 400 units), which are not subject to the measures.
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