Kowloon City

General view of East Kowloon Area including Mong Kok and Kowloon City. Many sites in Hong Kong are subject to government leases with restrictive covenants, such as those allowing "not more than one house" to be built on them. Photo: SCMP

High-rise ruling swells costs

Developers wishing to replace houses with high-rises will in many cases have to pay a land premium after a game-changing ruling from the city's top court. The ruling could result in billions of dollars being added to the government's coffers.