Hong Kong: 21 land transactions in Q1

Hong Kong: 21 land transactions in Q1

21 land transactions in Q1

The Lands Department registered 21 lease modifications and one land exchange in the Land Registry during the quarter ending March, of which 16 were technical changes involving nil premium.

Eight transactions were on Hong Kong Island, nine in Kowloon and five in the New Territories, excluding Small House cases.

Another lot was granted by private treaty during this period to the MTR Corporation for residential development in Tseung Kwan O.

The transactions realised a total land premium of $3.1 billion.

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