![First batch of 376 Hong Kong land leases to be renewed beyond 2047 under new mechanism](https://img.easybranches.com/uploads/news/2024/07/first-batch-of-376-hong-kong-land-leases-to-be-renewed-beyond-2047-under-new-mechanism.jpg)
Ordinance gazetted on Friday will allow 50-year extensions to take leases beyond crucial 2047 date, in move hailed by lawmakers and industry.
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