Lands Department releases figures on registered lease modifications, land exchanges and private treaty grants in first quarter of 2019

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     The Lands Department (LandsD) announced today (April 15) that it registered nine lease modifications and two land exchanges in the Land Registry during the quarter ending March 2019, of which three were modifications of a technical nature involving nil premium.

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

     A further two lots were granted by private treaty during the period. One was granted to the Urban Renewal Authority for residential development in Sham Shui Po and the other was granted for the development of the InnoCell in Tai Po.

     The above land transactions realised a total land premium of about $8,059.122 million.

     Transaction records of the lease modifications, land exchanges and private treaty grants, including those registered recently, are uploaded to the LandsD 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/Monday, April 15, 2019
Issued at HKT 17:03

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