News

Residential

Staff Reporter

, Hong Kong

Published:

6 months ago

Photo by Nextvoyage via Pexels

HK records 15 lease modifications in Q4 2024

The transactions included seven on Hong Kong Island, six in Kowloon, and four in the New Territories.

At least 15 lease modifications and two lot extensions were registered in the Land Registry during the final quarter of 2024, the Lands Department said.

Among these, two modifications were technical in nature and did not involve any premium.

The transactions included seven on Hong Kong Island, six in Kowloon, and four in the New Territories. No private treaty grants or land exchanges were recorded.

The total land premium from these transactions amounted to $618.7 million.

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