3 -
Sai Lau Kok.
It also offers a far superior environment and facilities than Tenants o ai Lau Kok going to Cheung Sha will especially bonefit from the move as many of them were sharing small lats in their
old buildings Jevon families in one 350 sq. foot flat in one caso.
Owner-occupiers received an avo age of (125,000 in fair
market value compensation for their Sai Lau Kok flats. Therefore, those
going to public housing, will have a tidy investment sum as well as low cost housing. Even investing $120,000 at 10 per cent interest would bring a
return of 1,000 per month, leaving plenty in reserve even after paying the
highest rart at Cheung Shan Estate.
At the moment, about 20 families in the Sai Lou Kok buildings
have refused to co-operate with Government officials trying to ascertain
their rights and entitlements. All offers remain open to those people, as
they have or the last 18 months when they were first told that the buildings
would have to be rosunod and demolished.
It all times in thousands of letters, Lace-to-face metings and
formal and inromal contacts the owners were told that compensation for flats could only be mousured up to the date of reversion 12th November last year
stipulated by law.
attas
Government officials have been in coustert attendance at Sai
Lau Kok and a permanently-sudipd Liaison Office was sot up in one of the
Marth this buildings in forenler test year on they became Crown property. One of the pounts stressed over this long period of communication with the owners has
been that anyone who is not stisfied with the Government's valuation can take
his case to the Lands Tribunal for independent and impartial assessment.
Thero would be no cost involved in this, as the Goverment will bear the
owner's lugal costs in a Lands Tribunal apeal.