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Reminds me of a certain piece of land that Britain has a 99 year lease on. Hard for them to end well without a contractual option to extend under reasonable con
by alex-wallish 6y ago
Reminds me of a certain piece of land that Britain has a 99 year lease on. Hard for them to end well without a contractual option to extend under reasonable conditions.
- KMag 6y ago> Britain has a 99 year lease on If you're referring to the New Territories portion of Hong Kong, that lease was from 1898 to 1997. That lease expired almost 25 years ago.
- bobthepanda 6y agoAlso worth noting that basic property in Hong Kong still works the same way; there isn't really non-government owned land and all of it is leased. https://www.legco.gov.hk/research-publications/english/essentials-1617ise07-land-tenure-system-in-hong-kong.htm https://www.legco.gov.hk/research-publications/english/essen...
- KMag 6y agoExcept for the church behind my office [0], which is the only freehold in HK. [0] https://en.wikipedia.org/wiki/St_John%27s_Cathedral_(Hong_Kong) https://en.wikipedia.org/wiki/St_John%27s_Cathedral_(Hong_Ko...