The Lands Department issued a total of three consents between January and March - two for the sale of residential units in uncompleted developments, and one to assign a completed residential development.

The two pre-sale consents involved a total of 1,046 uncompleted residential units in Kwai Chung and Sha Tin, which are expected to be completed by August and September 2007.

The consent-to-assign residential development involved 511 units in Hong Kong district.

At the end of March, eight applications for consent to sell uncompleted residential developments involving 4,241 residential units. Six applications for consent to sell uncompleted commercial developments were pending approval.

Among the eight applications, one residential development involving 652 residential units is expected to be completed within 2006 and the remaining seven developments involving 3,589 residential units in 2007.