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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.
The Home Ownership Scheme (HOS) is a subsidised-sale public housing programme managed by the Hong Kong Housing Authority.It was instituted in the late 1970s as part of the government policy for public housing with two aims – to encourage better-off tenants of rental flats to vacate those flats for re-allocation to families in greater housing need; and also to provide an opportunity for home ...
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 .
The government will also ease property lending policies to boost housing demand. Real estate and related industries play a key role in Hong Kong’s economy, accounting for as much as a fifth of ...
This is a list of Home Ownership Scheme (HOS) and Private Sector Participation Scheme (PSPS) Estates in Hong Kong. Estates of Green Form Subsidised Home Ownership Scheme (GFSHOS) and My Home Purchase Plan (MHPP) are also shown in the lists. They are housing estates sold by Hong Kong Housing Authority (HKHA) and Hong Kong Housing Society.
IRO Section.25 Deduction of property tax from profits tax. Any person's HK property tax payable can be set off by the same HK profit tax payable. IRO Section.26A Exclusion of certain profits from tax IRO Section.26B Concessionary deductions, general provisions IRO Section.26C Approved charitable donations
Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory's woes. Finance minister Paul Chan announced the move in a ...
Public housing in Hong Kong is a set of mass housing programmes through which the Government of Hong Kong provides affordable housing for lower-income residents. It is a major component of housing in Hong Kong , with nearly half of the population now residing in some form of public housing. [ 1 ]