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Planning, Land and Infrastructure
Programmes in advance to provide transparency and certainty for the market and may add sites for sale in the course of a year or a quarter so as to respond more flexibly to changes in market conditions.
In 2016, 23 residential sites, four commercial/business sites, one industrial site and four petrol stations, covering about 36.6 hectares in total, were sold for about $84.75 billion.
Lessees of leased land, commonly known as private landowners, may apply to the Lands Department for a lease modification or land exchange so as to, for instance, redevelop based on the town plan. The department acts as a private landlord in considering such applications. Approvals, if granted, are subject to terms and conditions that may include the payment of premiums and administrative fees. In 2016, the department concluded 97 lease modification and land exchange transactions, involving about 2,304 hectares and land premiums amounting to about $8.33 billion.
The Pilot Scheme for Arbitration on Land Premium, launched in 2014 for two years to facilitate agreement on land premiums payable for lease modifications and land exchange transactions, was extended for two more years until October 2018.
Reclamation Outside Victoria Harbour
In 2016, technical studies on reclamation at Ma Liu Shui, Siu Ho Wan and Lung Kwu Tan continued. With timely funding approval, a planning and engineering study on Sunny Bay reclamation will start in 2017.
Cavern Development
A detailed investigation and design study was under way on the planned relocation of the Sha Tin sewage treatment works to caverns so that the original 28-hectare site could be released for residential and other uses. Feasibility studies to relocate three other service reservoirs or sewage treatment works to caverns also continued.
A territory-wide Cavern Master Plan and initiatives to facilitate wider application of cavern. development were formulated based on the recommendations of a study on long-term strategy for cavern development.
Underground Space Development
A territory-wide study for underground development was completed to provide the basis for future planning and development of underground space. A pilot study continued in four strategic urban areas, namely Tsim Sha Tsui West, Causeway Bay, Happy Valley and Admiralty/ Wan Chai, to formulate underground master plans and identify suitable priority projects in these areas.
Major Planning Studies and Development Projects
Kwu Tung North and Fanling North New Development Areas
The Kwu Tung North and Fanling North outline zoning plans, approved in 2015, provide a land use framework to meet the city's long-term housing, social and economic development needs.
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