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The Lands Department registered 17 lease modifications and five land exchanges in the Land Registry during the quarter ending September 2010, of which eight were modifications of a technical nature involving nil premium.
Among these 22 land transactions, 12 are located on Hong Kong Island, two in Kowloon and eight in the New Territories. The transactions exclude Small House cases.
Another two lots were granted by private treaty during the period. One was for development of a non-profit-making international school in Tuen Mun and the other one was granted to the Hong Kong Housing Authority in respect of existing public housing developments.
A spokesman for the Lands Department said today (October 15) that the land transactions realised a total land premium of about $1.162 billion.
Transaction records of the lease modifications, land exchanges and private treaty grants including those registered recently are uploaded onto Lands Department's website (www.landsd.gov.hk) on a monthly basis. Details of the transactions may be obtained by searching the registered documents in the Land Registry.
Ends/Friday, October 15, 2010
Issued at HKT 16:53
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