Source: Hong Kong Government special administrative region
Third “Extension Notice” published under Extension of Government Leases Ordinance
A spokesperson for the Development Bureau said, “The arrangement of extending land leases without having to execute a new contract under the Ordinance brings tremendous convenience to the public and businesses, effectively enhances the confidence of property owners and investors in the real estate market, and has received widespread support from various sectors of the community. The mechanism manifests the solid safeguards for the long-term prosperity and stability of Hong Kong under the steadfast and successful implementation of the ‘one country, two systems’ principle.”Issued at HKT 18:43
NNNN