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14 Pre-Sale Consents Issued

The Lands Department issued 12 pre-sale consents for residential developments and two pre-sale consents for non-residential developments in the fourth quarter last year. The 12 pre-sale consents were issued for 10 residential developments, involving 8,351 units. Two developments in Tsuen Wan and Yuen Long comprising a total of 214 residential units are expected to be completed this year. Three developments in Hung Hom, Tai Po and Tuen Mun and a phase each of two phased developments in Sham Shui Po and Yuen Long, comprising a total of 3,971 units are due for completion in 2020. Two developments in Sha Tin and Tai Po and two phases of a phased development in Kwun Tong, comprising a total of 4,166 residential units, are expected to be completed in 2021. By the end of December, 23 applications for pre-sale consent for residential developments with a total of 10,058 units and one application for pre-sale consent for non-residential developments were being processed.