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Government rent in Hong Kong started on July 1, 1997, with the inception of the Joint Declaration. It said that new land grants contain a standard condition that the lessee is required to pay an annual rent, equal to 3% of the rateable value from time to time of the land leased.
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They are Hong Kong Housing Authority (HKHA), Hong Kong Housing Society (HKHS), and Hong Kong Settlers Housing Corporation Limited. As of 31 March 2016, approx. ⅓ of Hong Kong's population (2.14 million) live in Hong Kong's public housing estates. 760,000 of those units were owned by HKHA [ 1 ] while 140,000 are HKHS [ 2 ] and 1,400 HK ...
The rating system in Hong Kong has a history of over 160 years. The first Rating Ordinance, Ordinance No. 2 of 1845, was enacted in that year and related to the Police Rate which was collected to pay the expenses for upholding and maintaining the police force in Hong Kong. Over the following thirty years, services funded by rating such as ...
In Hong Kong, public housing is one of the major housing policies of the government. Nearly half of Hong Kong's 7.5 million population lives in public housing. [48] The two main public housing providers are the Housing Authority and the Housing Society. The most common types of public housing in Hong Kong are public rental housing (PRH) and ...
In October, Hong Kong vowed to adopt new laws setting minimum space and safety norms for sub-divided flats, where each resident lives in an area of about 65 sq ft (6 sq m) on average, or half the ...
Hong Kong Basic Law; Chief Executive: John Lee Ka-chiu. Hong Kong SAR Government; ... Instead, those with topsoil rights paid the subsoil landlord a fixed rent (or ...
Hence, the laws in force are in hierarchical order are The Hong Kong Basic Law; legislation in force before 1 July 1997 that was adopted as laws of the HKSAR by the Standing Committee of the National People's Congress; laws enacted by the Legislative Council of Hong Kong after 1997; and PRC laws listed in Annex III to the Basic Law and applied ...