JOHN CORRIGALL

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Hong Kong's lease-modification policy is fundamentally flawed

Everyone in Hong Kong - at least everyone who knows anything about property, and that is everyone - knows that when it comes to lease modifications, the premium payable is assessed on the basis of 100 per cent of the value increase the change confers.

16 Oct 2013 - 5:15AM

Everyone in Hong Kong - at least everyone who knows anything about property, and that is everyone - knows that when it comes to lease modifications, the premium payable is assessed on the basis of 100 per cent of the value increase the change confers.

Hong Kong's lease-modification policy is fundamentally flawed