Site selected for first regularised Green Form Subsidised Home Ownership Scheme project
***************************************************************************************
The Hong Kong Housing Authority (HA) decided to convert the public rental housing (PRH) development at Lai Chi Kok Road-Tonkin Street Phase 1 (i.e. Blocks 1 to 4) involving around 2 500 flats into a Green Form Subsidised Home Ownership Scheme (GSH) project for sale in 2018 at a meeting of the Strategic Planning Committee today (April 27).
The subject site is located in Cheung Sha Wan, Sham Shui Po District. It is bounded by Cheung Sha Wan playground to the northeast, Tonkin Street to the southeast, Lai Chi Kok Road to the southwest and Fat Tseung Street to the northwest. The GSH site comprises four domestic blocks of 36 domestic storeys (Blocks 2 and 3) and 39 domestic storeys (Blocks 1 and 4).
Subject to the progress of the necessary preparatory work for launching the sale exercise (e.g. preparation of the land lease, the deed of mutual covenant and sales documents, etc.), HA plans to decide on the sale prices and sales arrangements with a view to launching the pre-sale of the GSH flats around the end of 2018.
In January, HA completed a review on the GSH pilot and decided to regularise GSH. HA also endorsed making reference to the following principles adopted for the GSH pilot project in selecting PRH sites for conversion to GSH:
(a) While a site may include certain public facilities, it should not contain public facilities that will incur very high management and/ or maintenance fees;
(b) The conversion of a PRH site to GSH development should not result in substantive changes to the original planning;
(c) The site should preferably be a standalone one, or can be easily carved out from a PRH development;
(d) Any PRH development that will be completed shortly is not suitable, because:
(i) flat allocation may have already started; and
(ii) converting rental units into sale flats involves planning and land procedures which take time and it is undesirable to leave completed flats idle during the interim period.
Having assessed the various PRH sites in the pipeline with reference to the above site selection criteria, HA considers the PRH development at Lai Chi Kok Road-Tonkin Street Phase 1 (i.e. Blocks 1 to 4) most appropriate for conversion into GSH for sale in 2018.
HA will continue to make reference to the above site selection criteria in assessing PRH developments in the pipeline with a view to selecting sites for conversion into GSH projects in future.
Ends/Friday, April 27, 2018
Issued at HKT 18:55
Issued at HKT 18:55
NNNN