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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

14 land transactions in Q4 

The Lands Department today announced that it registered 14 lease modifications, two land exchanges and one lot extension in the Land Registry during the quarter ending December 2023, of which three were technical changes involving no premium.

 

Among the land transactions, four are located on Hong Kong Island, eight are in Kowloon and five are in the New Territories.

 

Another lot was granted by private treaty to the City University of Hong Kong during the period for the development of a student hostel in Shek Kip Mei.

 

The land transactions realised a total land premium of about $491.863 million.


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