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indigenous Hong Kong People (???) rights of land ownership

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  1. #41

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    Quote Originally Posted by dossier
    I know very little about this topic, except that:

    (1) There is often talk about scrapping it / the "unfairness" etc.; which seems to suggest one should "get a move on" if there is any such entitlement claim

    (2) Asking prices for houses in NT are around the 6-8 million HKD mark for 2100 square foot "village houses"

    (3) If I had any such entitlement, it would be a no brainer to explore it and build - although I have the impression it is an administrative and logistical nightmare
    The asking price is more like 12m+ for 2100 sq ft.

    If you really want to you too could build a village house. Find someone willing to sell you a ding for around 250k, buy land for 1k+ per sq ft, build your house for 1.5m. After completion if you sell within 5 years you have to pay a land premium 1.3m+ decreasin by 20% each year after completion.

  2. #42

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    Is there an idiots guide to ding rights out there available?


  3. #43

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    Quote Originally Posted by Drunken Master
    The asking price is more like 12m+ for 2100 sq ft.

    If you really want to you too could build a village house. Find someone willing to sell you a ding for around 250k, buy land for 1k+ per sq ft, build your house for 1.5m. After completion if you sell within 5 years you have to pay a land premium 1.3m+ decreasin by 20% each year after completion.
    Is this the going market rate?

  4. #44

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    Quote Originally Posted by 100LL
    Is this the going market rate?
    No, depends which area, the ding /right to build is cheap in remote area, ie, sha tau kok, ie, hkd250k, but a 3 floor 2100 Sq ft is at hkd 6million market value

    If the house at a different, where has high demand but popular area,ie, 3 floor 2100 Sq ft such as sai kung, tai wai, tsuen wan, then the right to build /ding rights will be as high as hkd8001mil, as the price of the village is also high at hkd12-15 million

    Unless the ding seller is being conned/gullible, it won't be that cheap if the value of property is high
    100LL likes this.

  5. #45

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    In some villages in sai kung the price can be 20m+

    imparanoic and 100LL like this.

  6. #46

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    Quote Originally Posted by Drunken Master
    In some villages in sai kung the price can be 20m+
    Thus the price of ding right to build has surely increased by similar amounts, I would not be surprised if it's at hkd1.5million in the nicest areas
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  7. #47

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    But with the recent ICAC case, I doubt there will be many sellers of ding rights.


  8. #48

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    Here is a news article about black market for ding rights 2015, sai kung has exceeded hkd1million

    ????????????? | ???? | ???? | 20150519


  9. #49

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    Quote Originally Posted by DarrenChan
    But with the recent ICAC case, I doubt there will be many sellers of ding rights.
    That was a scam: sellers sold ding rights and land they didn't possess. Persons who really do own ding rights still sell but it's becoming more scarce now.
    UK/HKboy likes this.

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