HONG KONG <Search  <Archives   <eBulletin  

January 11, 2022

10 pre-sale consents issued

The Lands Department issued 10 <pre-sale consents> for residential and non-residential developments in the fourth quarter of last year. Nine were issued for eight residential developments, involving a total of 3,532 residential units. Three developments in Tai Po, Yuen Long and Lantau Island, comprising a total of 652 residential units, are expected to be completed this year. Three developments in Sham Shui Po and Yuen Long, comprising a total of 1,708 residential units, and two phases of a development in Kai Tak, comprising a total of 1,051 residential units, are expected to be completed next year. One development in Central, comprising 121 residential units, is expected to be completed in 2024.

    The other pre-sale consent belongs to a non-residential development, the department added. By the end of last month, 33 applications for pre-sale consent for residential developments with a total of 17,570 residential units and four applications for pre-sale consent for non-residential developments were being processed. In addition, the department is handling five applications for consent to assign involving a total of 2,005 residential units.

Quarterly Construction Cost Review 
Arcadis recently released the latest China and Hong Kong Quarterly Construction Cost Review looking at the third quarter of 2021 <click here>