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Lands Department releases figures on registered lease modifications, land exchanges and private treaty grants in second quarter of 2016
     The Lands Department announced today (July 15) that it registered 11 lease modifications in the Land Registry during the quarter ending June 2016, of which six were modifications of a technical nature involving nil premium.

     Among these 11 land transactions, seven are located on Hong Kong Island, two are in Kowloon and two are in the New Territories. The transactions exclude Small House cases.

     A further four lots were granted by private treaty during the period. One was granted to the MTR Corporation Limited for residential development in Tseung Kwan O, one was granted for the development of a non-profit-making post-secondary college at Mount Davis and the other two were granted for the development of non-profit-making international schools in Tai Po and Tseung Kwan O.

     The above land transactions realised a total land premium of about $1,717.763 million.

     Transaction records of the lease modifications, land exchanges and private treaty grants, including those registered recently, are uploaded to the Lands Department 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, July 15, 2016
Issued at HKT 17:10
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