Hong Kong Chief Executive Li Jiachao added the national security clauses on selling land. The Hong Kong government has the responsibility to maintain national security, the real estate industry supports the government, and say that maintaining national security is the responsibility of the entire Hong Kong.
According to Hong Kong 01, the Li family super on Tuesday (February 14) attended a press conference before attending the Executive Council that the Guoan clause had been implemented for some time, and land was sold after joining the clause.
Li Jiachao believes that national security is a natural factor, and it has nothing to do with any decision of the enterprise. The company's intention to bid land bid will only think from a business perspective.
The Hong Kong Lands Administration has joined the National Security Law applicable provision in the bidding land and selling clauses from last year.The location of the bidding began on November 4, 2022.
The Hong Kong Economic Daily reported on Monday (13th) that after the news of land sales and the number of national security clauses, the Hong Kong Real Estate Hang Seng Real Estate Classification Index fell more than 4%on the same day.
