An amendment to the Landlord and Tenant (Consolidation) Ordinance can protect tenants of subdivided units, dubbed as ‘coffin homes’ or cage homes, from being exploited by landlords.
There are about 50 residential and commercial land lots whose leases will expire in 2025, and the leases for another 320 lots will expire by 2030.
Land leases expiring between 2024 and 2030 should be brought under review from next year.
When it comes to land premium, it is sometimes not just about valuation but also negotiation with the government.