{"id":118819,"date":"2020-10-06T11:05:12","date_gmt":"2020-10-06T04:05:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/it-is-high-time-the-government-lays-out-guidelines-starts-post-2047-lease-renewal-process-to-minimise-impact-on-stakeholders\/"},"modified":"2020-10-06T12:08:10","modified_gmt":"2020-10-06T05:08:10","slug":"it-is-high-time-the-government-lays-out-guidelines-starts-post-2047-lease-renewal-process-to-minimise-impact-on-stakeholders","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/it-is-high-time-the-government-lays-out-guidelines-starts-post-2047-lease-renewal-process-to-minimise-impact-on-stakeholders\/","title":{"rendered":"It is high time the government lays out guidelines, starts post-2047 lease renewal process to minimise impact on stakeholders"},"content":{"rendered":"


\nThe post-2047 land lease arrangements in Hong Kong have been causing public unease for over a decade now. 2047 may seem distant, but in fact the lease renewal issue is rather close at hand. As pointed out by the Secretary for Development, Michael Wong, in the Legislative Council last year, there are about 2,400 lots of current leases expiring on or before 29 June 2047, with the earliest one expiring in 2025. Owners should take care of the matter in advance to avoid any possible impairment on\u2026
\n
\nSource : South China Morning Post
\nRead more…It is high time the government lays out guidelines, starts post-2047 lease renewal process to minimise impact on stakeholders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The post-2047 land lease arrangements in Hong Kong have been causing public unease for over...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118819","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uUr","jetpack-related-posts":[{"id":109680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-needs-to-speed-up-the-land-lease-renewal-process-to-help-foster-calm-amid-countdown-to-2047\/","url_meta":{"origin":118819,"position":0},"title":"Hong Kong needs to speed up the land lease renewal process to help foster calm amid countdown to 2047","date":"August 6, 2019","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-need-to-worry-hk-minister-tells-land-lessees\/","url_meta":{"origin":118819,"position":1},"title":"No need to worry, HK minister tells land lessees","date":"September 19, 2016","format":false,"excerpt":"\r Leases are not the only things to worry about come 2047\u2026 Protesters occupy the road in Admiralty, Hong Kong in September 2014 at the height of the \u2018Umbrella Revolution.\u2019 coloursinmylife \/ Shutterstock.com A government official has sought to allay developers\u2019 fears that leased lands granted by the British Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bitmex-lays-off-a-quarter-of-staff-in-cryptocurrency-exchanges-revamp-throwing-us600000-a-month-cheung-kong-center-lease-into-question\/","url_meta":{"origin":118819,"position":2},"title":"BitMEX lays off a quarter of staff in cryptocurrency exchange\u2019s revamp, throwing US$600,000-a-month Cheung Kong Center lease into question","date":"April 5, 2022","format":false,"excerpt":"\r Work-from-home operations may leave BitMEX with a smaller real estate need, putting its Cheung Kong Center lease into question when it is due for renewal next year, a source said.\r \r Source : South China Morning Post\r Read more...BitMEX lays off a quarter of staff in cryptocurrency exchange\u2019s revamp,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-tycoons-seeking-uk-investments-must-go-with-eyes-wide-open\/","url_meta":{"origin":118819,"position":3},"title":"Hong Kong tycoons seeking UK investments must go with eyes wide open","date":"July 31, 2017","format":false,"excerpt":"\r Major investments outside of Hong Kong by the city\u2019s wealthiest families have raised questions about an exodus of wealth before 2047 and whether their actions represent moves by \u201csmart money.\u201d Lee Kum Kee Group, the Hong Kong company best known for its oyster sauce condiment, recently purchased a London\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-biggest-shopping-centre-harbour-city-offers-rent-concessions-and-shocks-tenants-with-lease-renewal-terms\/","url_meta":{"origin":118819,"position":4},"title":"Hong Kong\u2019s biggest shopping centre Harbour City offers rent concessions and shocks tenants with lease renewal terms","date":"July 22, 2020","format":false,"excerpt":"\r The owner of Hong Kong\u2019s biggest shopping centre is offering its tenants additional rent concessions, with a catch: extend the leases for at least 18 months in a market facing a third wave of coronavirus infections.The tactic has come as a shock to retailers at Harbour City, an upmarket\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-land-department-to-introduce-standard-property-lease-form\/","url_meta":{"origin":118819,"position":5},"title":"Dubai Land Department to introduce standard property lease form","date":"February 15, 2017","format":false,"excerpt":"\r All new property leases signed in Dubai from next month must be completed using a standard form, Dubai Land Department has said.In a widely expected announcement on Wednesday, DLD unveiled its new unified lease form, which is expected to be used by all residential and commercial tenants and landlords\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118819"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118819"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118819\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}