The Government will increase fees for five types of land registration services in three phases through the 2025-26 to 2027-28 financial years, with the increases ranging from around 15% to 35% in each phase.
The scope of fee adjustments will cover registration of instruments, including assignment and mortgage; registration of agreement for sale and purchase; lease registration, agreement, renewal and surrender; registration of other instruments; and registration of instruments whereby any charge or mortgage on any share or interest in a property is assigned or transferred.
The Government explained that these five types of fees for services provided by the Land Registry Trading Fund have not been adjusted for almost 30 years.
The fees were reviewed and adjusted in accordance with an established mechanism and the “user pays” principle, and have been set at levels considered generally adequate for recovering the full costs of providing the services.
The amendment regulation was published in the Government Gazette today and will be tabled in the Legislative Council next Wednesday for its approval by negative vetting.
Thereafter, the revised fees will come into effect in three phases from July 16 of this year, July 1 in 2026, and July 1 in 2027.
