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Although Hong Kong is an open and business-friendly environment, it has a socialist leasehold land tenure system. The government is landlord to virtually all land, so it plays a pivotal role in the administration of this scarce and therefore valuable resource.
As land administration is governed by private contract law rather than legislation, it is constantly evolving with the courts handing down decisions on a regular basis. Government practice also has to respond to this, as well as to the community's concerns on how best land can be administered.
As a result, regular updates of this book are required and this new Third Edition is fully up to date to serve its readers — students and practitioners of surveying, architecture, planning and law, and the wider business and financial community.