Hong Kong's Lands Department has added national security clauses to all land sale and short-term lease tender documents in the Asian financial hub, the Development Bureau said on Monday, confirming an earlier media report that had sent property stocks tumbling.
all four tenders received for the sale of a residential site in Stanley on Hong Kong Island had been rejected as their tendered premiums did not meet the government's reserve price for the site.
However, the first land sale project in the Kai Tak area that included the relevant terms attracted six bidders and the site was successfully sold by the end of 2022, said the bureau, which its responsibility includes land administration, infrastructure development, urban planning and renewal. "For law-abiding bidders, the relevant terms should not affect their willingness to bid, and we are not worried that the terms will affect the government's push for land," the bureau added.in the city, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the first annual drop since 2008.
The National Security Law, which punishes subversion, collusion with foreign forces and terrorism with up to life in prison, was imposed by Beijing on the former British colony in 2020. Western governments and rights groups have criticised the law for causing the deterioration of freedoms and the rule of law. Hong Kong and Chinese authorities say it is necessary to restore stability after anti-government protests in 2019.Our Standards:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Opinion | What Hong Kong’s spiffy marketing campaign for tourists can’t disguiseNo amount of spin or rebranding can conceal how this once free and vibrant city has become irreversibly less open.
Leer más »
Investors see Hong Kong property stocks, funds as reopening tradesAs global investors look for ways to profit from China's reopening from pandemic controls, the beaten-down shares of Hong Kong's property firms and real estate funds have become popular vehicles for riding an expected economic recovery.
Leer más »
DBS Bank to offer cryptocurrency trading in Hong Kong“We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” DBS Bank Hong Kong CEO said.
Leer más »
Senators' Anton Forsberg stretchered off ice with injury after Oilers' Zach Hyman lands on himOilers forward Zach Hyman landed on Senators goalie Anton Forsberg after being checked by Travis Hamonic. Forsberg left the ice on a stretcher.
Leer más »
Tom Holland's Fred Astaire Movie Lands Paddington DirectorTom Holland is much more than a wall-crawler. The Spider-Man star has found himself among vocal [...]
Leer más »