Policy Address

Land Supply in the Short to Medium Term

Streamlining Procedures and Enhancing the Mechanism

121.         The Lands Department (LandsD) continues to rationalise land administration processes, which include consolidating the practice notes on granting approval under lease.  The Government will also introduce a Pilot Scheme for Arbitration on Land Premium to facilitate early agreement on land premium payable by way of arbitration.  In addition, the Development Bureau (DEVB) will set up a dedicated cross-disciplinary team to assist the Steering Committee on Land Supply chaired by the Financial Secretary in monitoring land supply and promoting land development.

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