Property News · August 6, 2019

Hong Kong needs to speed up the land lease renewal process to help foster calm amid countdown to 2047


Surveyors are called in from time to time by different stakeholders to consult on land tenure in Hong Kong. The questions put to them stem largely from the fact that land parcels located to the north of Boundary Street will expire on June 30, 2047, while some leases on Kowloon Peninsula and Hong Kong Island will expire before that date without a right of renewal.During the election campaign leading up to the 2016 Legislative Council election, some candidates ran with the doomsday argument that…

Source : South China Morning Post
Read more…Hong Kong needs to speed up the land lease renewal process to help foster calm amid countdown to 2047

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