(b) Future Plan

We have recently put forward a new option involving two stages of automatic conversion, with different rectification and indemnity arrangements at each stage, for stakeholders’ consideration. The initial feedback is positive. We will continue our discussion with stakeholders on the new option with a view to building consensus to take forward the LTO amendment exercise.

Meanwhile, we will continue with the preparation of the LT(A)B and drafting of the subsidiary legislation. We will also reach out to the community through briefings for interested parties and plan for other publicity and education programmes before commencement of title registration.