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GBA rule of law action plan released

The Action Plan on the Construction of Rule of Law in the Guangdong-Hong Kong-Macao Greater Bay Area has been released, the Department of Justice (DoJ) announced today.   Secretary for Justice Paul Lam explained that the action plan has two intentions, namely to underpin the guiding principle of “Three Interfaces, Two Connects & One Greater Bay Area”, and strengthen collaboration with the legal and dispute resolution sectors and other stakeholders to effectively implement policy measures set out in the plan.   Through mechanisms, regulatory frameworks and talent – the “three interfaces” – the DoJ said it will promote hardware and software connectivity in constructing rule of law in the bay area, co-operation between the various cities according to their respective strengths, and collaboration between different legal systems, thereby eventually achieving the goal of “one Greater Bay Area”.   Deputy Secretary for Justice Cheung Kwok-kwan, who is also the leading Hong Kong

Property sales rise 57.2%

The Land Registry logged 5,013 sale and purchase agreements for all building units received for registration in March, up 57.2% compared with February and 41.7% lower year-on-year.

 

The total consideration for such agreements in March rose 65.5% from February, to $37.4 billion, while a 45.7% year-on-year decrease was recorded.

 

Of the agreements, 3,971 were for residential units, representing a 67.2% increase from February and a 40.6% decrease from a year ago.

 

The total consideration for residential units was $30.1 billion, up 57.4% compared with February and down 48.1% year-on-year.

 

There were 367,409 land register searches last month.


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