How many years is the property right of the house in Hong Kong?

After the return of Hong Kong, the nature of land has changed, and so has the property right of land. Now the nature of land is the same as that of the mainland, and it is also a 70-year property right.

When the term of land use expires, if there is no need for public interest, the government should grant the land again, that is, approve the extension. Small owners can continue to use their properties by paying the government a premium of several hundred Hong Kong dollars every year. Mainlanders enjoy the same treatment as Hong Kong residents. Land use years have little effect on real estate prices.

Before Hong Kong's return to China, all land leases will expire. In order to maintain the political and economic stability of Hong Kong during the transitional period, the Sino-British Joint Declaration 1984 stipulates that the land lease system in the period of Hong Kong and Britain will continue to be implemented.

Land leases that expire before July 1 0997 can be renewed; The land lease that expires in July 1997 can be automatically extended to 2047; Land leases with a lease term exceeding 1 July 19971are still valid. At present, the Hong Kong government still grants land by auction, tender or agreement, but the new lease can only last until 2047.

Baidu encyclopedia-house property right