Code : 2021146
Event Name : How may land readjustment and land bonds contribute to urban developments in the New Development Areas in the NT?
CPD Code : Formal Events
Speaker : Prof. K.W. Chau, PhD, FHKIS, FRICS, CIOB
Dr. Lennon Choy, PhD, MHKIS, MRICS

Professor K. W. Chau is Chair Professor in the Department of Real Estate and Construction, and Director of the Ronald Coase Centre for Property Rights Research at The University of Hong Kong. He served as President of the Hong Kong Institute of Surveyors (2009-10). His main areas of research include real estate finance and economics, sustainable development, and urban analysis. Most of his works are empirical studies with implications for policy makers and practitioners. He received the International Real Estate Society Achievement Award in 1999. He founded Asian Real Estate Society in 1996 and served as the first President (1996-7). He also served as President of the International Real Estate Society (2000-1).

Dr. Lennon Choy is a Deputy Head and an Associate Professor in the Department of Real Estate and Construction, and a member of Ronald Coase Centre for Property Rights Research at The University of Hong Kong. His research interests are urban economics and institutional analysis. He had served as guest / associate editors of top-tier urban and housing journals. He is a Council Member and Co-Convener of Education Committee of GPD, HKIS, and the immediate past Chairman of Research Committee of HKIS. He provided public services to Development Bureau, Food and Health Bureau and Education Bureau of the HKSAR Government.
Event Date : 2021-09-28
Event Time : 7:00 pm - 8:30 pm
Registration Closing Date : 2021-09-26
CPD Hour(s) : 1.5
Divisional PQSL Hour(s) : 1.5
Venue : By online media – ZOOM
Division : GPD
Organizer : General Practice Division
Fee : HK$150 for member; HK$250 for non-member
Priority : First-come-first-served
Language : Cantonese (supplemented by English)
Details :

The backlashes of Supreme Court decision on Kelo vs New London [2005] in 45 states in the US suggest that applying eminent domains (resumption) for new development not merely for public purposes could be devastating.  Against this background, the situations in the New Territories could be even more complicated as significant portions of privately owned farmlands are collectively held by ancestral hall establishments (Tso and Tong).  New development could well be at the expense of cultural heritage.  In this CPD, the speakers will discuss the problems and suggest some solutions such as land readjustment and land bonds.  They will share the findings of an empirical study in Hung Shui Kiu to illustrate how tapping on privately owned farmlands via land readjustment and lands as opposed to land resumption could arrive at win-win solutions.

Remarks :

The event will be conducted online via ZOOM. Successful registrants will be notified separately via email with the web link in due course to the online event.

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Payment : HKD 150
Face-to-Face/Zoom : Please refer to the remarks