indigenous Hong Kong People (原居民) rights of land ownership

[Drunken Master]

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.

[dossier]

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

[100LL]

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?

[imparanoic]

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 hkd800–1mil, 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

[Drunken Master]

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

[imparanoic]

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

[DarrenChan]

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

[imparanoic]

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

侯志強：改政策逼我哋輪公屋 | 蘋果日報 | 要聞港聞 | 20150519

[Drunken Master]

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.