FRIDAY, APRIL 10, 1992
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LAND RESUMPTION FOR LDC REDEVELOPMENT IN CENTRAL
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THE GOVERNMENT TODAY (FRIDAY) ANNOUNCED THE RESUMPTION OF LAND AT WING LOK STREET/QUEEN'S ROAD CENTRAL, HONG KONG UNDER THE CROWN LANDS RESUMPTION ORDINANCE FOR THE IMPLEMENTATION OF A REDEVELOPMENT SCHEME BY THE LAND DEVELOPMENT CORPORATION.
NOTICES OF RESUMPTION ARE CONTAINED IN TODAY'S GAZETTE.
THE PROPOSED REDEVELOPMENT CONSISTS OF TWO COMMERCIAL BUILDINGS ONE TOWER BLOCK AND ONE LOW BLOCK - WHICH WILL BE SEPARATED BY AN 1,800-SQUARE-METRE LANDSCAPED OPEN SPACE FOR PUBLIC USE.
INSIDE THE 2,000-SQUARE-METRE
BLOCKS, 85,000 SQUARE METRES OF OFFICE SPACE, A MARKET AND 3,000 SQUARE METRES OF SHOPS AND OTHER
FACILITIES WILL BE PROVIDED.
SCHEDULED TO BE COMPLETED IN 1996, THE SCHEME WILL UNDOUBTEDLY BRING ABOUT SIGNIFICANT ENVIRONMENTAL IMPROVEMENT AND PROVIDE UPGRADED FACILITIES FOR THE SURROUNDING AREA.
THE SECRETARY FOR
PLANNING, THAT THE INTERESTS
IN RECOMMENDING RESUMPTION, ENVIRONMENT AND LANDS CONFIRMED THAT HE WAS SATISFIED CORPORATION HAD TAKEN ALL REASONABLE STEPS TO ACQUIRE THESE ON TERMS THAT WERE FAIR AND REASONABLE, AS REQUIRED BY THE LAND DEVELOPMENT CORPORATION ORDINANCE.
REVISED OFFERS TAKING ACCOUNT OF CHANGES IN MARKET VALUES HAVE BEEN MADE AT VARIOUS TIMES, MOST RECENTLY ON FEBRUARY 10.
A TOTAL OF 36 LOTS IN WING LOK STREET, WING SING STREET, KWONG YUEN STREET EAST, KWONG YUEN STREET WEST AND BONHAM STRAND ARE AFFECTED BY THE RESUMPTION AND WILL REVERT TO THE GOVERNMENT FOLLOWING THE EXPIRATION OF THE RESUMPTION NOTICE THREE MONTHS FROM TODAY.
SOME 100 DOMESTIC OCCUPIERS ARE AFFECTED BY THE PROJECT AND ELIGIBLE OCCUPIERS WILL BE OFFERED CASH COMPENSATION OR APPROPRIATE REHOUSING BY THE LAND DEVELOPMENT CORPORATION.
REHOUSING WILL BE IN PROPERTIES ALREADY PURCHASED BY THE CORPORATION IN HONG KONG AND KOWLOON.
GENUINE DOMESTIC PROPERTY OWNERS, APART FROM THEIR ENTITLEMENT TO STATUTORY COMPENSATION, WILL BE ELIGIBLE FOR A HOME PURCHASE
ALLOWANCE.
OWNERS AND TENANTS AFFECTED BY THE RESUMPTION MAY MAKE STATUTORY CLAIMS UNDER THE CROWN LANDS RESUMPTION ORDINANCE AND, IF THE CLAIMS CANNOT BE SETTLED BY AGREEMENT, MAY APPLY TO THE LANDS TRIBUNAL FOR ADJUDICATION.
ELDERLY SINGLETONS AND DOUBLETONS WILL BE OFFERED ACCOMMODATION IN CENTRES FOR THE ELDERLY TO BE PROVIDED BY THE CORPORATION AND RUN BY VOLUNTARY AGENCIES.
/OTHER SINGLETONS