Pilot Scheme for Charging Land Premiums at Standard Rates to Redevelop Industrial Buildings (the Scheme)
On 15 March, the Lands Department issued a practice note (PN No 1/2021) on the implementation of the highly-anticipated standard rates land premium. The Scheme was discussed at length and generally well-received by members during the GPD Council meeting held on 17 March.
On 19 March, the Development Bureau expressed its gratitude for the constructive advice provided by the Institute, in particular the wise counsel given by the GPD in person and in writing. The Bureau looked forward to the participation of industrial players in this revitalisation drive and encouraged President Sr Edwin Tang to relay this message to his members.
Message from GPD Chairman – March 2021 (whole message)