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Explainer | New law to extend Hong Kong government land leases is in force; the Post examines the process
- Extension of Government Leases Ordinance designed to cope with more than 300,000 commercial, residential and industrial leases scheduled to expire in 2047
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![The Kowloon Peninsula, where many of the government land leases covered by a new ordinance are located. Photo: Dickson Lee](https://cdn.i-scmp.com/sites/default/files/styles/1020x680/public/d8/images/canvas/2024/07/05/a1890951-b297-4e5e-91d5-d52a2465d7b7_b1832ed1.jpg?itok=7dXXwJ-G&v=1720194336)
A new law designed to automatically renew commercial, residential and industrial land leases scheduled to expire by 2047, the 50th year of the city’s return to Chinese rule, came into force on Friday.
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The Extension of Government Leases Ordinance will cover the first group of leases, involving 376 parcels of land, which are scheduled to expire in less than six years.
And there are more than 300,000 commercial, residential and industrial land leases that will be automatically extended for another 50 years when they expire on June 30, 2047.
Here the Post examines the implications of the ordinance.
1. What kinds of land leases does Hong Kong have?
There are different leases in Hong Kong, including 75 years, 99 years and 999 years.
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