Lands Department Issues Pre-Sale Consents for 2,419 Residential Units in Q2 2026

Lands Department issues seven pre-sale consents in second quarter of 2026

The Lands Department (LandsD) announced today (July 7) that seven pre-sale consents for residential developments involving 2 419 residential units were issued in the second quarter of 2026.

Details of the above residential developments (three of which are phased developments) with pre-sale consents issued are as follows:

Expected year of completion	Developments
2026	One development in Kwu Tung (682 units)
2027	Two phases of a development in To Kwa Wan (648 units) One development in Sai Kung (26 units) Two developments in Yuen Long (893 units) One phase of a development on Lantau Island (170 units)

• One development in Kwu Tung (682 units)

• Two phases of a development in To Kwa Wan (648 units)
• One development in Sai Kung (26 units)
• Two developments in Yuen Long (893 units)
• One phase of a development on Lantau Island (170 units)

The LandsD also issued two consents to assign in the second quarter, involving a total of 912 residential units in two phased developments on Lantau Island and in Chai Wan respectively.

As at June 30, 2026, 28 applications for pre-sale consent for residential developments involving 11 995 residential units were being processed. Details are as follows:

Expected year of completion	No. of applications	No. of residential units involved
2026	2	401
2027	10	2 764
2028	11	6 132
2029	5	2 698

In addition, four applications for consent to assign involving 1 552 residential units and two non-residential units respectively, as well as two applications for pre-sale consent for non-residential developments, were being processed.

Members of the public can obtain up-to-date information on consents issued for the past quarter and cases pending approval by visiting the LandsD's website (www.landsd.gov.hk).

Intending purchasers are advised to study carefully the details of the development and the sale procedures, through information available from public advertisements, sales brochures and price lists released by the developer, before making a deposit for purchase. The sales brochure for a development also contains a summary of the provisions of the Deed of Mutual Covenant, including information on the common parts, the number of undivided shares assigned to each unit, the term of years for which the manager is appointed, the basis on which the management expenses are shared among the owners of the units, as well as a summary of the provisions of the government land grant, which intending purchasers are recommended to read carefully.

Source: AI-found images

PBOC, HKMA and SFC's joint announcement on developing trading platform in Hong Kong

The following is issued on behalf of the Hong Kong Monetary Authority:

The People's Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly welcomed the collaboration between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) to develop an electronic fixed income and currency trading platform (FIC trading platform) in Hong Kong. This initiative will further strengthen the financial co-operation between Hong Kong and the Chinese Mainland, and reinforce Hong Kong's position as an international financial centre and an offshore RMB business hub.

In 2025, the SFC and the HKMA jointly announced Hong Kong's Roadmap for the Development of FIC Markets (Roadmap). One of the key initiatives outlined in the Roadmap is to support the development of a next-generation electronic trading platform. The FIC trading platform will provide an open, fair, efficient, and robust platform for both local and international institutions, following the key principles below:

• adhering to international market standards and practices, while meeting the regulatory requirements in Hong Kong;
• fostering an open and fair market facilitating participation by international institutions with diversified product and service offerings;
• advancing in alignment with the strategic development goals of the broader financial ecosystem in Hong Kong; and
• adopting a market-driven approach focused on enhancing trading efficiency and transparency, facilitating price discovery, reducing transaction costs and introducing technological innovation to further strengthen financial services.

Further details of the FIC trading platform, including the launch timeline, will be announced in due course.

Source: AI-found images