The Government has raised about $40 billion in land revenues so far this financial year, far exceeding the forecast $30.7 billion, according to initial estimates.
This was mainly due to developers' revived interest in settling land premiums in lease modifications and the Mass Transit Railway Corp's (MTRC) station projects.
Revenues from lease modifications, exchanges and extensions for private projects were estimated to account for about 40 per cent of the total income.
Total premiums settled for MTRC projects were estimated at $12.6 billion.
Since the resumption of land sales in April, the Government has netted $9.57 billion from the sale of 19 lots by auction and tender.
The largest land deal for the year was the $5.5 billion premium settlement for the remaining phases of the hotel-office-retail development at Hong Kong Station in Central. The project is jointly undertaken by the MTRC, Sun Hung Kai Properties (SHKP) and Henderson Land Development.
The Lands Department is expected to announce the final figure for land revenues next month.