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Rating Ordinance (Cap. 116, Laws of Hong Kong) Government Rent (Assessment and Collection) Ordinance (Cap. 515, Laws of Hong Kong) 2. Nature Tax levied on property Rent payable under Government land lease 3. Basis of Assessment Rateable Value(subject to revaluation) Rateable Values(subject to revaluation) 4. Percentage Charge
In Hong Kong, the Land Registry is a government department under the Development Bureau responsible for the administration of land registration. It also provides facilities for search of the Land Register and related records by the public and other government departments.
Government Property Agency (GPA) is an agency under the Financial Services and the Treasury Bureau of the Government of Hong Kong. Established on 1 April 1990, the Agency manages the government properties which were distributed among Government Secretariat , Lands Department , and Rating and Valuation Department .
As of the end of 2018, the company has more than 220 branches and around 3,000 staff in Hong Kong. The company initially focused on the residential sector in Hong Kong. To catch up with the rapid development in the property market, Ricacorp branched out to various sectors including commercial, industrial, retail, and overseas market in recent ...
industrial property register — an official database containing registered trade marks, as well as patented inventions, industrial designs, utility models, or integrated circuits, thus protecting and reserving the rights of the company which developed them or bought rights to them.
A CBRE report from 2019 lists Hong Kong as having the highest average property price in the world. [20] As of June 2021, an average 500 sqft apartment cost HK$9.44 million in Hong Kong Island, HK$8.32 million in Kowloon, and HK$7 million in New Territories; an average family would have to save for about 20.7 years to pay for such a unit. [21]
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MTR Properties is also a property agent, and provide services on Octopus Access Control System and environmental hygiene service. It operates the following shopping centres: Paradise Mall, Telford Plaza, Maritime Square, Luk Yeung Galleria, The Lane. Two IFC's property management company, Premier Management Services, is a unit of MTRC. [2]