1.   A revised assessment of the land premium to be paid will be available in the second quarter.

2.   GREAT Eagle Holdings says it will begin negotiating soon with the government for a revised land premium on an urban renewal project in Mong Kok.

3.   He said he issued that cheque to pay the person who had advanced the payment for the land premium but he did not know who the person was.

4.   He said it should be calculated by dividing the land premium by the area, not the accommodation price used by some people.

5.   Liberal Party chairman Allen Lee Peng-fei said flat pricing should not be market-driven and residents should not be forced to pay the land premium.

6.   Negotiations were ongoing, but he believed the land premium was no longer a hurdle.

7.   That was the exceptional and record level of government receipts from land premiums and stamp duty in the first half of the financial year.

8.   The discount rate determines how much land premium a buyer needs to reimburse the government upon selling his flat in the open market.

9.   The government has not yet received any proposals by developers on payment of land premium by instalments.