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January 25, 2022

23 land transactions in Q4

The Lands Department recently announced it registered 23 lease modifications and six land exchanges in the Land Registry for the quarter ending December, of which two were technical changes involving no premium. Eight are located on Hong Kong Island, 12 in Kowloon and nine are in the New Territories. Another four lots were granted by private treaty during the period.

     Two were granted to the Housing Authority for developing public housing developments off Anderson Road and in Kai Tak. Another one was granted to the Urban Renewal Authority for a residential development in To Kwa Wan. The remaining one was granted to develop a student hostel in Sha Tin. The transactions realised a total land premium of around $12.37 billion.

Construction council chairman named
The government announced that the Secretary for Development has appointed Thomas Ho as Construction Industry Council Chairperson for two years from February 1. Nine new non-official members have also been appointed and seven incumbent non-official members have been reappointed to the council for two years. The new members are Marvin Chen, Prof Jack Cheng, Victor Cheung, Kan Jun, Clarence Leung, Simon Liu, Edwin Tong, Tse King-wa and Andrew Young.