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The Lands Department is a government department under the Development Bureau responsible for all land matters in Hong Kong. Established in 1982, it comprises three functional offices: the Lands Administration Office, the Survey and Mapping Office and the Legal Advisory and Conveyancing Office.
In Hong Kong, the Land Registry is a government department under the Development Bureau responsible for the administration of land registration. It also provides facilities for search of the Land Register and related records by the public and other government departments.
Government Property Agency (GPA) is an agency under the Financial Services and the Treasury Bureau of the Government of Hong Kong. Established on 1 April 1990, the Agency manages the government properties which were distributed among Government Secretariat , Lands Department , and Rating and Valuation Department .
Land premiums amounted to HK$65.5 billion ($8.4 billion) in the 2010–2011 financial year, making up 17.4 percent of receipts; stamp duty from property sales made up another 6.5 percent, meaning 24 percent of government income came from property deals. [10]
The Development Bureau (DEVB; Chinese: 發展局) is a policy bureau of the Government of Hong Kong responsible for urban planning and renewal, land administration, infrastructure development, building safety, landscape, greening & tree development, water supplies, flood prevention and heritage conservation.
This is a list of government agencies of the Hong Kong Government. The policies of the government are formulated decided by the bureaux led by secretaries and permanent secretaries are discussed in the Executive Council and implemented by the departments and agencies.
The Lands Department of the HKSAR is responsible for the collection of zone and concessionary Government rents, i.e. types (a) and (d) above. For Government rent of type (b), the Rating and Valuation Department of the HKSAR is responsible for assessing the rent and notifying the Lands Department of the assessment for billing and collection.
Firstly, the inhabitants enjoy a hereditary privilege of land usage and housing grant, which is a great advantage regarding Hong Kong's population density and land shortages. Secondly, according to Lands Department of Hong Kong, after a five-year period, the villager can freely sell his property in the market without any restriction.