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30/04/2004
Housing
Society Announces Four Urban Renewal Projects in Sham Shui
Po
The Hong Kong Housing Society (HKHS) today announced the
launch of four urban renewal projects in Sham Shui Po. The
sites are located between Castle Peak Road and Cheung Wah
Street; between Un Chau Street, Hing Wah Street and Castle
Peak Road; between Hing Wah Street, Un Chau Street and Fuk
Wing Street; and between Castle Peak Road and Hing Wah Street,
covering a total site area of about 7,180 square metres.
"The
four projects are in close proximity with each other. The
launch of the four projects at the same time can speed up
urban redevelopment in the district and improve the living
environment as a whole, putting on a new look to the old
area," HKHS Director (Property Development) Mr Francis
Law said.
Upon
completion by 2010, the new developments will provide a
total of about 1,000 residential flats and 11,000 square
metres of retail space. An additional 2,200 square metres
of community facilities including a care and attention home
for the elderly will also be provided.
These four projects are among the seven projects to be implemented
by HKHS in association with the Urban Renewal Authority
(URA) under the Memorandum of Understanding (MOU) signed
between HKHS and URA in December 2002. According to the
MOU, HKHS will be responsible for the acquisition and clearance
of properties within the project boundaries, re-housing
the affected tenants and the subsequent construction and
disposal of the new developments.
At
present, there are 67 buildings in the four project areas
and the majority of them are in dilapidated condition. They
are generally over 40 years old and the oldest one has 51
years of history. It is estimated that the projects will
involve 437 property interests of about 670 households.
Mr
Law added, "Purchase offers to acquire the property
interests in the project areas will be issued to the affected
owners in the third quarter of this year. The estimated
total acquisition cost of the four projects is around $1.27
billion. Under the current acquisition policy and property
market conditions, the total development costs including
acquisition and construction of the four projects amount
to some $2.58 billion."
Starting
today, HKHS will deploy more than 200 staff members to carry
out a three-day occupancy survey on the affected households
to record their occupancy status.
To ensure that affected owners and tenants are fully informed
of the acquisition and compensation policies and procedures,
HKHS will hold a series of briefing sessions for the affected
residents between 4 and 6 May.
In
addition, HKHS has set up an Urban Renewal Project Neighbourhood
Centre in Sham Shui Po to strengthen communications with
the residents concerned. Telephone hotline 2839 7168 has
also been set up to answer enquiries from the affected residents.
Meanwhile,
HKHS has appointed Christian Family Service Centre to set
up an Urban Renewal Social Service Team basing in the aforesaid
Neighbourhood Centre to provide counseling service and practical
assistance to the affected residents.
Hong
Kong Housing Society
Sham Shui Po Castle Peak Road / Cheung Wah Street
Urban Renewal Project
| Project
Information : |
|
| Acquisition
cost |
About
$186 million |
| Total
development cost |
About
$369 million |
| Site
area |
About
1,000 square meters |
| No.
of affected buildings |
10 |
| No.
of affected households |
About
68 |
| No.
of affected shops |
About
11 |
| No.
of affected property interests |
About
55 |
| |
|
| Development
Content : |
|
| Residential |
About
7,500 square meters
(about 149 units) |
| Commercial |
About
1,500 square meters |
Site
Plan
| |
 |
redeveloped
area |
Hong
Kong Housing Society
Sham Shui Po Un Chau Street / Hing Wah Street / Castle Peak
Road
Urban Renewal Project
| Project
Information : |
|
| Acquisition
cost |
About
$457 million |
| Total
development cost |
About
$912 million |
| Site
area |
About
2,600 square meters |
| No.
of affected buildings |
24 |
| No.
of affected households |
About
273 |
| No.
of affected shops |
About
34 |
| No.
of affected property interests |
About
186 |
| |
|
| Development
Content : |
|
| Residential |
About
19,500 square meters
(about 356 units) |
| Commercial |
About
3,900 square meters |
Site
Plan
| |
|
redeveloped
area |
Hong
Kong Housing Society
Sham Shui Po Hing Wah Street / Un Chau Street / Fuk Wing
Street
Urban Renewal Project
| Project
Information : |
|
| Acquisition
cost |
About
$323 million |
| Total
development cost |
About
$737 million |
| Site
area |
About
2,200 square meters |
| No.
of affected buildings |
22 |
| No.
of affected households |
About
170 |
| No.
of affected shops |
About
25 |
| No.
of affected property interests |
About
101 |
| |
|
| Development
Content : |
|
| Residential |
About
16,500 square meters
(about 333 units) |
| Commercial |
About
3,300 square meters |
| Government,
institution and community facilities |
About
2,200 square meters |
Site
Plan
| |
|
redeveloped
area |
Hong
Kong Housing Society
Sham Shui Po Castle Peak Road / Hing Wing Street
Urban Renewal Project
| Project
Information : |
|
| Acquisition
cost |
About
$302 million |
| Total
development cost |
About
$561 million |
| Site
area |
About
1,380 square meters |
| No.
of affected buildings |
11 |
| No.
of affected households |
About
156 |
| No.
of affected shops |
About
10 |
| No.
of affected property interests |
About
95 |
| |
|
| Development
Content : |
|
| Residential |
About
10,350 square meters
(about 180 units) |
| Commercial |
2,070
square meters |
Site
Plan
| |
|
redeveloped
area |
  
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