24/4/2018-9

Hong Kong people, Hong Kong, 60% quasi resale

The former chief executive, Leung Chung-ying, regards the housing policy as the top priority of the policy. He added two residential sites in Kai Tak to the “Hong Kong people and Hong Kong Land" clause. The original intention is to give priority to Hong Kong permanent residents, but the land has been developed into a luxury home. Pan Kai Tak No. 1. The latest figures from the Lands Department indicate that as of the end of February this year, 721 “sale consents" and 817 “sub-letters or permission to use" have been granted. After the owners have approved the relevant documents, they can rent the property at the market any time, even Resale of Tuli means that the Hong Kong people and Hong Kong land project has become a “speculators paradise".

Liang Zhenying Policy

Encourage speculation

When the former Chief Executive Leung Chung-ying campaigned for the Hong Kong people and Hong Kong land policy, he won applause for a moment. In September 2012, he announced that the two residential sites in Kai Tak were added to the Hong Kong people’s land terms. The intention was to give priority to Hong Kong’s permanent property under tight supply and demand. Residents and land sales regulations shall not be transferred or leased within 30 years after the land is approved. If the landlord sells or leases flats, he must first obtain written consent from the Director of Lands.

At present, the land for the two Hong Kong people and Hong Kong land has been developed into a luxury mansion, Kai Tak 1, which has provided a total of 1,169 units. It has been deployed for nearly half a year. The Lands Department responded to questions raised by Citizen’s Party Legislative Council Member Tan Man Ho on the Budget. As of the end of February this year, the Lands Department received a total of 749 applications for “Sale Consent Form” from Kai Tak No. 1 and 721 cases were approved. This represents about 62% of the total number of units, which means that after the owners have obtained the relevant documents, they can resell the properties in the market at any time.

The Department also received 852 applications for “Sub-leased or Permitting Use Consent Form” and granted 817 cases. The number of approved applications was equivalent to about 70% of the total number of units, that is, 10 units per 10 Kai Tak, with 7 One can be used for rental purposes. According to online statistics, at present, some units on Kai Tak 1 have rents ranging from 15,000 to 36,000 yuan per month; there is also a small amount of listings, and owners are asking for a price of 12.5 million to 19 million yuan.