LCQ17: Application for lease modifications


Following is a question by the Hon Lee Wing-tat and a written reply by the Secretary for Housing, Planning and Lands, Mr Michael Suen, in the Legislative Council today (October 20):




Regarding residential development projects, will the Government inform this Council:


(a) of the number of applications made by real estate developers in the past three years for assessment of regrant premium in respect of residential development projects, and the details of each application, including the area and location of the site, as well as the assessed land premium; and


(b) whether it knows which property development projects above stations along railway alignments are scheduled to be put up for tendering by the two railway corporations in the period between the end of this year and the beginning of the next year, as well as the projected completion dates of these projects?






My reply to the two parts of the question is as follows -


(a) In the past three years from September 1, 2001 to August 31, 2004, Lands Department received 338 applications for lease modifications in respect of residential developments. The information requested by the Honourable Member, which concerns 313 executed cases of application, is set out in Annex.


(b) Between the end of this year and the beginning of next year, the MTR Corporation Limited tentatively plans to invite tender for Phase 1 of its Tseung Kwan O Area 86 development. The estimated completion date for this phase of the development, involving 2,100 flats, is 2007-08. The tendering of the rest of the development would be in phases. There is currently no definite tendering timetable. The Kowloon Canton Railway Corporation plans to invite tender in March next year for its Ma On Shan Rail Wu Kai Sha Station property development which involves three phases of 2,500 flats for completion in 2008 and 2009 respectively.


Ends/Wednesday, October 20, 2004