F. THE GOVERNMENT HAS NEVER PROMISED TO ALLOCATE FLATS AND SHO IN ''CHUEN WAI GARDENS'' (ALLWAY GARDENS) FOR OWNERS OF DOMESTIC FLATS. RATHER THE MTO LISTED PRICES OF PREMISES IN ALLWAY GARDENS AVAILABLE FOR SALE AT THAT TIME AND READY FOR OCCUPATION BY
THE END OF THIS YEAR VIA LETTER TO THE OWNERS DATED 12.8.78. THE PRICES THEN QUOTED RANGED FROM FLATS OF 459 SQ FT AT DOLLARS 136,500 TO LARGER ONES OF 716 SQ FT AT DOLLARS 183,000 (IE DOLLARS
293 / SQ FT TO 255 / SQ FT). THE MTO WAS READY TO ASSIST THE OWNERS BY ACTING AS A COORDINATOR BETWEEN THEM AND THE HOPEWELL CONSTRUCTION LTD WITH THE INTENTION OF RESERVING FLATS. UNFORTUNATELY
IT WAS NOT UNTIL MARCH THIS YEAR THAT OWNERS (OVER 100) ASKED TO TAKE UP THIS OFFER. ULTIMATELY 81 OWNERS SUCCESSFULLY BOUGHT THEIR NEW HOMES AT AN AVERAGE PRICE OF APPROX DOLLARS 415/ SQ FT THIS FIGURE COMPARED WITH AN AVERAGE OF ABOUT DOLLARS 420/SQ FT FMV STATUTORY COMPENSATION (BOTH RECKONED ON THE BASIS OF USABLE FLOOR AREAS).
G. THE AVERAGE GROUND FLOOR COMPENSATION RATE IS APPROX DOLLARS 1,000/SQ FT FOR USABLE FLOOR AREA, NOT DOLLARS 600/SQ FT AS STATED
IN THE PETITION. COMPARISON OF THE OFFER WITH SALE PRICES OF
SIMILAR PREMISES RECORDED OVER THE SAME PERIOD IN THE DISTRICT
LAND REGISTRY REVEALS THAT THE OFFER IS FAIR.
H. ALL GENUINE RESIDENTIAL OCCUPIERS, OWNERS AND TENANTS ALIKE ARE ELIGIBLE FOR REHOUSING ARRANGEMENTS OFFERED BY THE HD. VARIOUS
TYPES OF SPECIAL ALLOWANCES HAVE BEEN INSTITUTED FOR DOMESTIC OWNERS / OCCUPIERS TO MINIMISE THE INCONVENIENCE CAUSED BY THE
RESUMPTION.
RBANC
1) AN EX-GRATIA DISTURBANCE ALLOWANCE BASING ON THE OCCUPIED FLOOR AREA OF THEIR PREMISES.
(11) A CAPITALISED INTEREST ALLOWANCE - LUMP SUM EQUIVALENT TO THE CAPITALISED INTEREST ON THE DIFFERENCE OF VALUE BETWEEN
THE COMPENSATION OF PREMISES AND THE NEWLY PURCHASED PROPERTY GIVEN
IN ORDER TO NARROW THE GAP BETWEEN THE TWO VALUES.
(111) A SETTING-UP ALLOWANCE OF DOLLARS 10,000 FOR EACH OF THE OWNER/OCCUPIERS WHO BUYS A NEW DOMESTIC FLAT TO MEET THE EXPENSES OF CONVEYANCING, MORTGAGE FEES AND STAMP DUTY.
(IV) A RENTAL ALLOWANCE OF DOLLARS 1,500 PER MONTH UNTIL THE END OF THIS YEAR FOR OWNER/OCCUPIERS WHOSE NEW PREMISES ARE NOT READY FOR OCCUPATION BUT WHO HAVE TO MOVE OUT BECAUSE OF THE
CLEARANCE.
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