THURSDAY, DECEMBER 10, 1987
3
$2.76 BILLION FOR KOWLOON WALLED CITY CLEARANCE
*
KOWLOON WALLED
HAS APPROVED CITY,
CITY
THE FINANCE COMMITTEE OF THE LEGISLATIVE COUNCIL MORE THAN $2.76 BILLION FOR THE CLEARANCE OF THE KOWLOON WALLED
COMMITTEE ON THE THE CHAIRMAN OF THE SPECIAL
CLEARANCE, MR F.K. HU, SAID TODAY (THURSDAY).
COMPENSATION PACKAGE,
BY
ANNOUNCING DETAILS OF THE REHOUSING AND MR HU SAID THAT THIS MARKED THE CULMINATION OF 11 MONTHS OF WORK MEMBERS OF THE COMMITTEE AND THE BEGINNING OF THE IMPENDING CLEARANCE. AND THE UNIQUE CIRCUMSTANCES "WE CONSIDERED THAT IN VIEW OF HISTORICAL BACKGROUND OF THE WALLED CITY, SOMETHING AKIN TO THE POLICY
** BE USED. MR HU SAID. APPLIED TO REDEVELOPMENT CLEARANCES SHOULD
OWNER-OCCUPIERS
WHERE POSSIBLE, MR HU SAID OWNER-OCCUPIERS SHOULD BE ASSISTED, TO RE-ESTABLISH THEIR HOME OWNERSHIP STATUS AFTER THE CLEARANCE.
OVER-GENEROUS
PROPERTIES, ACQUIRE PROPERTIES SUBSTANTIAL AMOUNT
AND THEREFORE NOT
ANY
IN
OF
A
"HOWEVER, GIVEN THE LOW VALUES OF WALLED CITY FINANCIAL ASSISTANCE TO THEM ON THAT BASIS TO THE PRIVATE SECTOR WILL INEVITABLY INVOLVE
BE MONRY APPROPRIATE. HE SAID.
WHICH
T
MAY
CONSIDERED
INSTEAD, HE SAID, THE
THAT IT
SPECIAL COMMITTEE CONSIDERED WOULD BE A REASONABLE ARRANGEMENT IF ASSISTANCE WAS BASED ON THE OWNERSHIP SCHEME (HOS) PRICES WITH PRIORITY RIGHTS TO PURCHASE AN FLAT TO BE GIVEN TO THOSE OWNERS WHO WERE ELIGIBLE.
HOME
HOS
PAYMENT WOULD PROVIDE ADEQUATE MR HU SAID THAT THE RATES OF ASSISTANCE TO ALLOW MOST ELIGIBLE WALLED CITY RESIDENTS TO PURCHASE AN HOS FLAT, THE CALCULATIONS ARE:
QUALIFIED FLOOR AREA
$ PER SQUARE METRE
UP TO 23.44 SQUARE METRES
9.670
-
BETWEEN 23.45 60 SQUARE METRES OVER 60 SQUARE METRES
6,930
5.000
OWNERSHIP STATUS
MR HU POINTED OUT THAT
PROBLEMS
THE
DOCUMENTS ABSENCE OF LEASE
THE
AND VERIFICATION WITH
ESTABLISHMENT RESULTED IN PROPERTY OWNERSHIP CLAIMS, OWNERSHIP STATUS COULD ONLY BE
HAD
OF
ESTABLISHED
AND VERIFIED BY USING GUIDELINES PREPARED BY THE REGISTRAR GENERAL AND APPROVED BY THE SPECIAL COMMITTEE.
/OWNER-OCCUPIERS AND