The Lands Department issued five consents for the sale of residential units in uncompleted developments in the second quarter of 2005, involving 1,803 residential units on Hong Kong Island and in Kowloon and Sha Tin.

The Occupation Permit for the development in Sha Tin comprising 92 residential units has already been issued. The remaining four developments with 1,711 residential units are expected to be completed in 2006.

The department also issued four consents to assign for residential developments and one consent to assign for commercial development. The four consents to assign residential development involve 1,511 units.

June sees 3 pre-sale consents

Three consents for the sale of 657 uncompleted residential units were issued in June. All three developments are located on Hong Kong Island and are expected to be completed in 2006.

Three consents to assign 431 residential units and one consent to assign a commercial development were also issued in June.

At the end of last month, 14 applications for consent to sell uncompleted residential developments involving a total of 6,783 residential units and nine applications for commercial developments were pending approval.

Among these, one of the residential developments involving 120 residential units is expected to be completed within 2005, 12 developments involving 4,987 residential units within 2006 and the remaining one development involving 1,676 residential units by February 2007. 

There were also four applications pending approval for consent to assign, two in respect of commercial developments and two residential developments comprising 1,952 units.