Singapore and Hong Kong inherited leasehold systems from the UK and used them to finance government spending and infrastructure, with the colonial government owning land and leasing it for productive use to raise money for roads and basic government operations.
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Speaker
Michael BirdEvidence Quote
“In Asia, there's a number of different systems going on, but what Some of the ones I concentrate on in the book, two places I've I've lived in the past, uh Singapore and Hong Kong, which both inherited these fascinating leasehold systems from the UK.”
Created: 8/11/2026, 7:18:57 AM
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