Hong Kong social land managment

[Chris Burford]

I have checked with my source. He says that although some leases lasted as
long as  99 or 75 years, from the 1950's leases became shorter.

But the point is that even existing leases have to come before the auctions
if there is to be a change of usage. This system picks up revenue for the
government from property prices which rise with economic development, and
puts the government* in a stronger position for further social urban planning.

Chris Burford 
London.

* For LP's continued shock, in this case a capitalist government. But not
necessarily and not always.