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by alex-wallish 2168 days ago
Reminds me of a certain piece of land that Britain has a 99 year lease on. Hard for them to end well without a contractual option to extend under reasonable conditions.
1 comments

> Britain has a 99 year lease on

If you're referring to the New Territories portion of Hong Kong, that lease was from 1898 to 1997. That lease expired almost 25 years ago.

Also worth noting that basic property in Hong Kong still works the same way; there isn't really non-government owned land and all of it is leased. https://www.legco.gov.hk/research-publications/english/essen...
Except for the church behind my office [0], which is the only freehold in HK.

[0] https://en.wikipedia.org/wiki/St_John%27s_Cathedral_(Hong_Ko...