why do they have land auctions where big developers fork out billions to develop. I know that the property owners still have to pay Govt rates quarterly but if you the state owns the land then whats the point of have land auctions.
Also villagers out in the NT, doesnt the govt give them land so that they can build houses etc.
Just curious.
Technically the "land sales" are auctions for the lease and the right to develop the land, subject to deed hence the problems with Time Square, etc. Owners of the buildings on the land are liable to pay Government rent under their land leases. Those in the NT lease the land to build on.
... unless you believe the Basic Law is wrong.
Exactly right. To elaborate, in multi-property developments (e.g., apartment blocks) each owner typically has a share in the (leased) land and exclusive right to the individual unit (with the exact relationship between the various property owners governed by a Deed of Mutual Covenant).
I think the confusion arises because the poster misunderstood the use of "Land" in "Right to Land". It doesn't have anything to do with owing property in any sense. It means that the bearer has the right to arrive in HK and be granted access (landing in the sense of a plane) without any visa.
thanks now i know what RTL is. But i must now clear up my question.
My farther has land in his village in the NT (New Territories), later on when i inherit it or need to take control of it, can i do so without being a Permanent Residence which is same as enjoying a ROA 3*** on my ID Card?
Cause i might postpone my trip back, till after 36 months since i was last in HK.
Thanks
It might depend on how the contracts are written up. From what I have found, villages seem to have a lot of funny rules.
But generally I think whether or not one can inherit property is not dependent on your immigration status.