Message from GPD Chairman (September 2022)

Valuation Liaison Meeting with LandsD
The Lands Department’s Valuation Section has consented to a meeting with GPD representatives on 12 October 2022. This aligns with the Government’s aim to streamline Hong Kong’s development process. The established premium appeal protocol adopted by LandsD will be a main topic for discussion.

While surveyors from both the public and private sectors adopt the same residual valuation method to calculate the ‘before’ and ‘after’ values in lease modification cases, surveyors often hold different views of the appropriate valuation assumptions such as the marketing costs of new developments. Therefore, this parameter will also be a key discussion topic during the upcoming meeting.


Message from GPD Chairman – September 2022 (whole message)