Officers from the bureau on Tuesday laid out the small print of the funding attraction on the Legislative Council for the 263-hectare (650-acre) second part improvement of the Hung Shui Kiu-Ha Tsuen undertaking, involving 441 hectares in complete.
Virtually HK$25.9 billion, or 90 per cent, of the funding has been earmarked for website formation and engineering infrastructural works, and the remaining for constructing a district cooling system and money allowances for households affected by land acquisition.
To scale back authorities expenditure to accumulate personal land for improvement, landowners can apply for a land change scheme in Hung Shui Kiu.
Eligible candidates can convert their farmland into designated makes use of by paying land premiums, which will be negotiated with the federal government or decided primarily based on an ordinary fee set by official surveyors.
“We are going to quickly difficulty a follow observe relevant to the world to share particulars in regards to the land change software preparations,” Vic Yau Cheuk-hang, director of the Northern Metropolis Co-ordination Workplace, stated.
The scheme was first launched for the Kwu Tung North and Fanling North undertaking. Solely two functions have been authorized in 2017 throughout its first part.
Intensive injury present in Hong Kong wetlands, environmental teams warn
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The federal government gave the inexperienced mild to 9 functions within the second part, however six of the instances failed to finish the method final yr. The rejected landowners selected to not pay the usual fee.
Louis Loong Hon-biu, a lawmaker representing the true property and development constituency, stated he hoped the federal government would study from latest expertise.
“The usual fee was barely too excessive and the deadline set for your entire timeframe was too quick,” Loong stated at a gathering of the legislature’s improvement panel. “It’s a pity that we can’t safe these plots and the federal government has to accumulate them.”
Some Hong Kong farmland to be added to scheme in bid to extend housing
Some Hong Kong farmland to be added to scheme in bid to extend housing
Everlasting Secretary Doris Ho Pui-ling vowed that authorities would study from previous expertise, however insisted {that a} deadline for the appliance was wanted.
“If the land change scheme fails finally, the federal government has to reclaim the land. We can’t let this have an effect on the general improvement of the brand new improvement space,” she stated.
Ho added that the federal government would define particulars of the ultimate part of the brand new city subsequent month together with the event plan for close by areas in Lau Fau Shan, Tsim Bei Tsui and Pak Nai.
She stated the websites would turn out to be a part of the high-end skilled providers and logistics hub within the Northern Metropolis.
