Flags
D & E
however, property prices have risen and a number of owners now
claim that the compensation offered to them is inadequate.
Of these,
a militant group of 18 recently sent representatives to London in a
delegation led by Mrs Elsie Elliott CBE, an elected member of the
Hong Kong Urban Council (Hong Kong Telnos 618 and 649 to the Hong
Kong Government Office, London refer). Mr Hooley's questions have
clearly been stimulated by this visit.
5. The majority (259 out of 339) of property owners at Sai Lau
Kok have accepted the compensation offered. This amounts to payment
of the full market value of the property at the date of reversion,
plus a disturbance allowance, plus either public rehousing or a
capitalised interest - free loan to help bridge the gap between
compensation and the cost of buying a new flat.
6.
Discussions are continuing with those who have not yet accepted
the terms of compensation and there are signs that most will
eventually be prepared to accept.
already been vacated.
40% of the flats and shops have