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The Lands Department registered 25 lease modifications and four land exchanges in the Land Registry during the quarter ending December 2009, of which 10 were modifications of a technical nature involving nil premium.
Among these 29 land transactions, 11 are located on Hong Kong Island, 11 in Kowloon and seven in the New Territories. The transactions exclude Small House cases.
Another five lots were granted by private treaty during the period. One was for an electricity substation in Kowloon Tong, one was for a student hostel in Hung Hom and the other three were granted to the Hong Kong Housing Authority in respect of existing public housing developments.
A spokesman for the Lands Department said today (January 15) that the land transactions realised a total land premium of about $2.348 billion.
Transaction records of the lease modifications, land exchanges and private treaty grants including those registered recently are uploaded onto the Lands Department's website (www.landsd.gov.hk) on a monthly basis. Further case details may also be obtained by searching the registered documents directly in the Land Registry.
Ends/Friday, January 15, 2010
Issued at HKT 17:42
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