The Lands Department (LandsD) issued seven pre-sale consents for residential developments in the fourth quarter of 2019 on 7 January 2020.
The seven pre-sale consents for seven residential developments (of which three are phased developments) involve a total of 3,534 residential units. One development in Sha Tin, comprising 104 residential units, is expected to be completed in 2020. Two developments in Sham Shui Po and Kai Tak, and one phase of a phased development in Yuen Long, comprising a total of 2,130 residential units, are expected to be completed in 2021. One development in Tsing Yi and one phase each of two phased developments in Lantau Island and Tseung Kwan O, comprising a total of 1,300 residential units, are expected to be completed in 2022.
The department also issued three consents to assign in the fourth quarter of 2019. The three consents to assign involve a total of 2,225 residential units and one commercial unit in two phased developments in Mid-Levels East and Tseung Kwan O.
Taking into account the pre-sale consents issued in the first three quarters in 2019, the LandsD issued a total of 30 pre-sale consents for residential developments involving 14,137 residential units in 2019.
As at the end of December 2019, 22 applications for pre-sale consent for residential developments and six applications for pre-sale consent for non-residential developments were being processed. — Construction+ Online