Message from GPD Chairman (July 2021)

Exchange of Views with Land Authorities
In July, I, along with a few GPD Council Members and industry stakeholders, had the pleasure to meet senior officials of the Development Bureau and Lands Department to discuss a few items.

High on the agenda were the standard rate premiums for redeveloping industrial buildings and the implication of the Court of Final Appeal’s (CFA) judgement on the Fully Profit Asia (hereafter Fully Profit) case. The GPD also advised the Government to consider offering a similar standard rate option for the land exchange premium assessment of agricultural lots to expedite land and housing supplies.

Message from GPD Chairman – July 2021 (whole message)