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: Hong Kong is frequently acclaimed as being the most open and business user friendly environment in the world. However, it is often forgotten or overlooked that this paragon of capitalism is founded, and indeed underpinned, by a socialist leasehold land tenure system. As the government is landlord to virtually all land in the Special Administrative Region, it plays a pivotal role in the administration of this scarce and therefore valuable resource. The purpose of this book is to explain both the historical development and current practice of land administration. It should therefore be of interest not only to students and practitioners of surveying, architecture, planning and law, but also to the wider business and financial community.