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The Lands Department today (February 18) announced the resumption of land for the implementation of an urban renewal development project at Sai Yee Street in Mong Kok.
The project is included in the Urban Renewal Authority (URA)'s Business Plan for 2007/2008. Its implementation will help improve the general environment of the locality while preserving the local character of "Trainers Street" and enhancing the living conditions of the residents.
A total of 109 private interests at the site bounded by Sai Yee Street, Nelson Street and Fa Yuen 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 have been 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 will 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 2,465 square metres, will be redeveloped for residential and commercial purposes in accordance with the prevailing statutory plan prepared under the Town Planning Ordinance. A special "local sports shop arrangement" has been introduced by the URA for this project to allow affected sports shop operators priority in renting shop space at the future development so as to continue their operation.
Ends/Friday, February 18, 2011
Issued at HKT 11:46
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