The Lands Department today (August 12) announced the resumption of land for the implementation of an urban renewal development project at Anchor Street/Fuk Tsun Street in Tai Kok Tsui.
The project is included in the Urban Renewal Authority (URA)'s Business Plan for 2007-08. Its implementation will help improve the general environment of the locality and the living conditions of the residents.
A total of 67 property interests at the site bounded by Anchor Street and Fuk Tsun Street will be resumed under the Lands Resumption Ordinance. The affected interests will revert to the Government three months from the date of the resumption notice being affixed on site. Details of the private land affected were gazetted today.
Apart from their entitlement to statutory compensation, eligible owners of domestic properties will be offered an ex-gratia home purchase allowance or supplementary allowance as appropriate. Eligible domestic occupiers will be offered rehousing in the Hong Kong Housing Authority or Hong Kong Housing Society units, or an ex-gratia cash allowance.
Eligible commercial property occupiers, including owners and tenants, may choose ex-gratia allowance in lieu of the right to make statutory claims for business and related losses.
Affected owners and tenants of both domestic and commercial properties also have the right to make statutory claims under the Lands Resumption Ordinance. If the claims are not settled by agreement, the owners and tenants may apply to the Lands Tribunal for adjudication. Professional fees reasonably incurred for making such claims may be reimbursed by the Government.
Upon resumption and clearance, the site, with an area of about 726 square metres, will be granted to the URA. It will be redeveloped for hotel use with ancillary facilities in accordance with the development scheme plan approved by the Chief Executive in Council under the Town Planning Ordinance.
Ends/Friday, August 12, 2011
Issued at HKT 14:47