{"id":123290,"date":"2021-11-18T07:30:20","date_gmt":"2021-11-18T00:30:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-to-net-record-us6-4-billion-in-land-premium-amid-rising-demand-and-prices-of-homes\/"},"modified":"2021-11-18T08:09:34","modified_gmt":"2021-11-18T01:09:34","slug":"hong-kong-government-to-net-record-us6-4-billion-in-land-premium-amid-rising-demand-and-prices-of-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-to-net-record-us6-4-billion-in-land-premium-amid-rising-demand-and-prices-of-homes\/","title":{"rendered":"Hong Kong government to net record US$6.4 billion in land premium amid rising demand and prices of homes"},"content":{"rendered":"


\nThe Hong Kong government is set receive a record HK$50 billion (US$6.4 billion) in land premium this year, as developers rush to build flats to capitalise on a housing shortage that is fuelling prices and demand.Land premium is the fee that developers pay to the government when a modification or change in land use results in a higher land value. The government had already generated HK$40 billion in land premium in the first 10 months of the year, Financial Secretary Paul Chan Mo-po said this\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong government to net record US.4 billion in land premium amid rising demand and prices of homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong government is set receive a record HK$50 billion (US$6.4 billion) in land...<\/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-123290","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-w4y","jetpack-related-posts":[{"id":172700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-land-sale-stuns-market-as-hk4-3b-bid-hits-5-year-kowloon-high\/","url_meta":{"origin":123290,"position":0},"title":"Hong Kong land sale stuns market as HK$4.3b bid hits 5-year Kowloon high","date":"October 6, 2026","format":false,"excerpt":"\r Kerry Properties has won a land plot in Ho Man Tin for HK$4.31 billion (US$549 million), the highest price paid for a residential site in Kowloon in nearly five years, as developers show confidence in demand for luxury homes. The site on Fat Kwong Street sold at HK$20,738 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-roll-out-1300-homes-as-prices-edge-up-on-firmer-demand\/","url_meta":{"origin":123290,"position":1},"title":"Hong Kong developers roll out 1,300 homes as prices edge up on firmer demand","date":"April 10, 2026","format":false,"excerpt":"\r Hong Kong developers are preparing to launch nearly 1,300 units in the coming days and weeks, with some edging up prices amid improving homebuying sentiment. On Sunday, 261 units at La Mirabelle I will be released, with average prices ranging from HK$15,335 (US$1,958) to HK$19,613 per square foot after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113477,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-faces-hk10-billion-potential-shortfall-in-land-sales-revenue-as-city-faces-first-fiscal-deficit-in-15-years\/","url_meta":{"origin":123290,"position":2},"title":"Hong Kong faces HK$10 billion potential shortfall in land sales revenue as city faces first fiscal deficit in 15 years","date":"January 8, 2020","format":false,"excerpt":"\r Hong Kong is likely to miss its target of collecting HK$143 billion (US$18.3 billion) in revenue from land sales and premium revenue in the current financial year to March 31, likely contributing to the city\u2019s first budget deficit in 15 years.The government has generated HK$113.8 billion of such revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/non-traditional-bidder-tops-titans-bids-in-hong-kong-land-sale-with-aggressive-pricing\/","url_meta":{"origin":123290,"position":3},"title":"Non-traditional bidder tops titans\u2019 bids in Hong Kong land sale with \u2018aggressive pricing\u2019","date":"May 19, 2026","format":false,"excerpt":"\r Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city. Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-hong-kong-developers-spend-us2-6-billion-in-land-property-acquisition-binge-in-past-12-months\/","url_meta":{"origin":123290,"position":4},"title":"Small Hong Kong developers spend US$2.6 billion in land, property acquisition binge in past 12 months","date":"November 9, 2021","format":false,"excerpt":"\r Hong Kong\u2019s small and mid-sized developers are accelerating their pace of accumulating land banks as they bet on an economic revival and chronic housing shortage to keep home prices at elevated levels.Wang On Properties, Kowloon Development, HKR International and Lai Sun Development have invested nearly HK$20 billion (US$2.6 billion)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/still-keen-kai-tak-site-draws-18-bids-as-hong-kong-developers-maintain-interest-for-land\/","url_meta":{"origin":123290,"position":5},"title":"Still keen: Kai Tak site draws 18 bids as Hong Kong developers maintain interest for land","date":"December 16, 2016","format":false,"excerpt":"\r Property developers submitted at least 18 bids for a parcel of land at Hong Kong\u2019s former Kai Tak airport, a day after the long-awaited interest rate increase by the US Federal and Hong Kong Monetary Authority. The parcel, adjacent to a Kai Tak site that sold for a record\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\/123290"}],"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=123290"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123290\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}