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Old August 4th, 2011, 07:45 PM   #141
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Hung Hom Estate Phase 2 Redevelopment
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Old August 10th, 2011, 08:37 PM   #142
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HOS flat owners back in heaven
The Standard
Wednesday, August 10, 2011

Home Ownership Scheme flat owners are the happiest among the gamut of property owners, a survey has found.

Respondents weren't asked the exact reason for their happiness, but there are some fairly obvious explanations.

Some believe the fact HOS flats were bought at discounts of up to 40 percent, with many of them located in urban areas, may have something to do with their owners' positive state of mind, as they shoulder lighter mortgage payments.

In contrast, public housing tenants have to pay rent indefinitely, and higher rents if their income rises.

Another possible reason is that HOS flats are subject to land premium repayment if they change hands.

And as most of the units have two or three bedrooms, providing adequate living space, many owners don't need to consider trading up for bigger flats in the private market - leaving them with more disposable income.

Still another plausible explanation is that after the government suspended the scheme in 2003, HOS flats became a rare commodity, attracting both green form and other buyers, and their values are rising faster than properties in the private market.

Naturally, this is also conducive to their owners' contentment.

This is true even for owners of HOS flats in West Kowloon, who bought at high prices, and saw their homes turn into negative assets, or were foreclosed on when the market slumped.

But as West Kowloon has become a hot area, with property values in the private market soaring, the prices of HOS
flats are going along for the merry ride.

This well surpassed the expectations of owners when they were struggling in a depressed market a few years back.

The value of HOS flats goes up and down with the overall property market. In 1998, when supply exceeded demand, the property market plunged, and HOS flat owners were worse off, as the units are subject to selling restrictions.

But the government's subsequent move to halt HOS construction has brought the owners back to heaven from hell. Siu Sai-wo is chief editor of Sing Tao Daily
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Old August 15th, 2011, 05:47 PM   #143
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On the march for living space
The Standard
Monday, August 15, 2011

About 500 people defied the heat to march against high living costs and to demand more public housing.

Protesters who rallied at the government headquarters in Central said leaders have done little to help people fight inflation and flat prices are too high.

The action was organized by the New Territories Association of Societies.

The protest took place as a survey of 100 subdivided flats showed increased rents make hard living even harder.

The survey by the Society for Community Organization between June and July revealed an average rent increase of 23.3 percent for subdivided flats.

It found the average flat to be about eight square meters with a rent of HK$2,300. But the average income of residents is HK$7,000 a month. And more than 60 percent of respondents said their pay has not risen for three years.

Organization director Ho Hei-wah, who pointed to more than 100,000 people living in subdivided units, said 30-40 percent of respondents' income goes on rent and utility bills, leaving little for food and their children.

He called for a monthly subsidy of HK$1,000 for those in so-called "cage homes," and urged the government to build more public housing for the ever-increasing number that need it.

At present, the government provides 15,000 public housing units every year, and Ho said this needs to be 35,000.

The government, he added, makes money selling land to developers and overlooks the need for public housing.

Cheung Mei-lai, 69, lives in a subdivided unit of 7sqm in Tai Kwok Tsui. She pays HK$1,600 a month in rent, but this is rising to HK$2,000. Her only income is social security assistance of HK$3,800 "and I have to buy food," she said yesterday. "What can I do?"

Gary Sin Siu-sung, 47, and his wife and two children have 8sqm of a subdivided flat in Sham Shui Po. He pays HK$4,000 for rent and utilities but makes only HK$7,000 a month.

"We have to eat less and we don't have much money for our children," he said. "They stay home at weekends."
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Old August 15th, 2011, 06:18 PM   #144
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Old October 15th, 2011, 07:16 PM   #145
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HOS plan takes radio hit
The Standard
Friday, October 14, 2011

People have started picking holes in housing initiatives, saying new policies heavily favor families seeking flats under the Home Ownership Scheme.

Callers to a radio program yesterday highlighted a major deficiency that they say allows homeowners to speculate.

Under the HOS plan, the Housing Authority subsidy is deemed a loan, which owners must repay before selling a property.

Owners may repay the subsidy and pocket the difference if they attract a higher price in the open market. This would mean they stand to benefit from public subsidizes for a first home.

Some callers suggested that owners be prohibited from selling for 10 years.

On Wednesday, Chief Executive Donald Tsang Yam-kuen, said the housing policies aim to aid first-time buyers.

Transport and Housing Secretary Eva Cheng Yu-wah advised against premature observations. "I hope you don't jump to conclusions on fairness too soon," she said, as affordability was a consideration.

And the Housing Authority will consider public opinion and draft conditions for resales.

Even industry professionals noted weaknesses in the plan.

A member of the Royal Institution of Chartered Surveyors, Stephen Chan Jing-yan, said new buyers "can probably benefit more" than existing owners.

Real Estate Developers Association executive committee chairman Steward Leung Chi-kin said HOS flats may not meet immediate demand considering the number that has been proposed.

Thomas Lam Tat-man, general manager of the sales department at Henderson Land (0012), said the HOS broadens choices rather than being an unfavorable factor. "The HOS is not likely to bring competition to the private market, and it should not have any impact on property prices," he said.

Meanwhile, six plots were designated for the first batch of HOS units. Three are in Sha Tin and the rest in Tsuen Wan, Tsing Yi and Yuen Long. These plots may provide 2,500 HOS flats by 2016.

Flats in Sha Tin would be the most attractive, said Ringo Lam Chun-chiu, a director of AG Wilkinson & Associates. If the flat were to be sold in the private market, he said, "prices could reach HK$7,000-HK$8,000 per square foot. People can now buy them for about HK$4,000 psf."

HOS flats at the three other sites could cost HK$3,000-HK$4,800 per buildable square foot, with sale prices between HK$5,000 and HK$7,000 psf.

New HOS flats will be restricted to families who have not owned any property in the 10 years before applying.
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Old October 24th, 2011, 05:30 AM   #146
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Tang, Leung dispute tall order on public housing
The Standard
Monday, October 17, 2011

The two expected chief executive contestants set out their housing vision yesterday at separate venues in Sham Shui Po, one of the SAR's poorest districts.

Former Executive Council convener Leung Chun-ying said the government should build 35,000 public housing flats a year - more than double its annual target of 15,000 units.

"That target would be all right for the first two to three years ... This will not affect the property market," Leung said.

Meanwhile, former chief secretary Henry Tang Ying-yen declined to comment on whether Leung's target is "unrealistic," or one made without careful thought. He said a concrete figure should be reached after more public discussion.

"If more are built, can we shorten [the average waiting time for public housing of] three years to two years? Should it be cut to two years, how many public housing flats should be built?" Tang asked.

"So the discussion should be whether we are aiming to shorten it from three years to two. If yes, how many flats should be [built]?"

In 1997, Leung came under fire for being behind the government's plan to build at least 85,000 public and private flats a year as a major plank in then-chief executive Tung Chee-hwa's policy address.

Tang now says the biggest challenge is to source land for housing.

"We must be innovative and use new perspectives in order to produce more land more quickly [with help from] the Town Planning Board and district councils for building more public housing, the Home Ownership Scheme, and private flats," Tang said.

Secretary for Transport and Housing Eva Cheng Yu-wah earlier stressed that families and the elderly should be assigned public flats first, while young people should seek opportunities to move upward in society, and should not deem themselves in need of public housing so soon.

On public calls for an universal retirement protection scheme, Leung said the retirement system should be reviewed, while Tang sidestepped the question.
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Old November 1st, 2011, 06:18 PM   #147
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Return to sale of public housing rejected
The Standard
Friday, October 28, 2011

The housing chief has rejected calls for the relaunch of a government scheme to sell public housing flats to tenants.

During the motion-of-thanks debate on the chief executive's final policy address, Eva Cheng Yu-wah said the recovery of public housing units is crucial to keep up supply. "If such flats are sold to tenants, they can never be allocated to those on the waiting list," she said.

"This will affect both circulation and supply. We have no plans to resume the Tenants Purchase Scheme at this stage."

In his October 12 address, Donald Tsang Yam-kuen said the Housing Authority plans to build 75,000 flats over the next five years, or 15,000 each year.

Amid calls to further boost supply, Cheng stressed that "an average of 15,000 new flats is not a strict index."

She said: "Our goal is to maintain the average waiting time of around three years for public housing applicants. The authority will review its five-year public- housing construction plan every year.

"If needed, it will adjust the number of flats to be built and increase supply to maintain the three-year average."

Facing criticism over proposed resale practices under the newly revised Home Ownership Scheme, Cheng said the authority will consider fairness and public acceptance when drawing up the details of the new mechanism.

She also dismissed fears that the proposed new way of calculating premium payable by a flat owner during resale may spur property speculation.

"The new HOS is to serve as a buffer by providing supply in addition to public and private housing. This scheme of increasing supply is definitely not meant to encourage property speculation."
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Old November 5th, 2011, 04:56 PM   #148
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LCQ6: Provision of public housing to grassroots
Wednesday, November 2, 2011
Government Press Release

Following is a question by the Hon Lee Wing-tat and an oral reply by the Secretary for Transport and Housing, Ms Eva Cheng, in the Legislative Council today (November 2):

Question:

It has been reported that when the Chief Executive attended a radio programme on October 19 this year, he said that the 2011-2012 Policy Address had endeavoured to solve the housing problem to provide housing for the grassroots. In this connection, will the Government inform this Council:

(a) of the number of non-elderly one-person applicants aged 30 or above among the approximately 150 000 applications for public rental housing (PRH) at present; under the existing Quota and Points System (QPS), the average points of those applicants in the age groups of 30 to 39 and 40 to 49 who are allocated PRH; the respective numbers of years for which non-elderly one-person applicants aged 35 and those aged 45 who apply for PRH today will have to wait to obtain the points required for PRH allocation; and how the authorities will help them move into PRH flats as soon as possible;

(b) given that the authorities have indicated that they will appropriately increase the densities and plot ratios of PRH projects, and as the construction of additional new PRH flats will increase the supply of PRH and the resumption of the construction of Home Ownership Scheme (HOS) flats will help vacate more old PRH flats for allocation, whether the authorities will reconsider re-launching the Tenants Purchase Scheme at an appropriate time to enable sitting PRH tenants to purchase their PRH flats; and

(c) whether the authorities have considered relaxing the resale restrictions in the HOS secondary market to allow eligible white form HOS applicants to apply to purchase those HOS flats, thereby enhancing the vibrancy of the HOS resale market and providing low and middle-income families with more opportunities to buy their own homes?

Reply:

President,

My answer to the three-part question is as follows:

The first part of the question:

The Housing Authority (HA)'s objective is to provide public rental housing (PRH) to low-income families who cannot afford private rental accommodation. To this end, the HA maintains a Waiting List (WL) of PRH applicants. HA's target is to maintain the Average Waiting Time (AWT) at around three years for general applicants.

As at end June 2011, there were 155 600 applications on the WL. Among them, about 66 600 applications were non-elderly one-person applications under the QPS. Among the 66 600 non-elderly one-person applications under the QPS, about 35 000 applicants (53%) were aged 30 or above.

The relative priority for PRH allocation to applicants under the QPS is determined by the number of points the applicants receive. Points are assigned to the applicants on the basis of their age at the time of submitting the PRH applications, the waiting time and whether they are PRH tenants. In general, the older the applicant and the longer the applicant has waited, the higher the number of points. The higher the number of points accumulated, the earlier an applicant will be offered a PRH flat.

Among non-elderly one-person applicants housed through the QPS in 2010/11, the average number of points for those aged 30 to 39 was 140 and the average number for those aged 40 to 49 was 142. However, the lowest number of points accumulated by applicants to be housed through the QPS will change from time to time and vary across districts, depending on the distribution of points among applicants as well as the overall demand and supply of PRH flats in individual districts. Accordingly, it is not possible to estimate how many points are required for applicants to be housed or how long would the applicants need to wait before they are housed.

Under the existing arrangements, apart from applying for PRH under the QPS, non-elderly one-person applicants can also apply for PRH as ordinary family applicants together with their family members. To encourage the younger generation to live together with their elderly members, the HA has introduced a number of enhanced housing arrangements to foster family harmony. Under the Harmonious Families Addition Scheme, eligible adult offspring may apply for addition to the tenancy of elderly tenants. Under the Harmonious Families Priority Scheme (HFPS), young people may apply with their elderly member(s) for a PRH flat and enjoy a six-month credit waiting time. Unlike the other non-elderly applicants, the applicants under the HFPS can apply for PRH flats in any districts, including the urban district. Eligible non-elderly one-person applicants with a pressing need for housing may apply under the Express Flat Allocation Scheme, or Compassionate Rehousing whereby with a recommendation from the Social Welfare Department (SWD) they may secure earlier allocation of PRH flats.

According to the latest Public Housing Construction Programme, in the coming five-year period from 2011/12 to 2015/16, the HA will build about 75 000 flats in total, i.e. an average of 15 000 PRH flats per year. It is estimated that this level of new production, together with the recovered flats from the existing stock, should continue to meet the policy objective of maintaining the AWT for general applicants at around three years.

However, the production of 15 000 new PRH units per year is not a fixed target. Our objective is to maintain the AWT for general applicants at around three years. To this end, the HA will roll forward and review the five-year Public Housing Construction Programme every year. When necessary, the HA will adjust and increase the production volume in order to keep the AWT for general applicants at around three years.

The second part of the question:

The Tenants Purchase Scheme (TPS) was introduced in 1998 by the HA to enable PRH tenants to buy the flats they lived in at a discounted price, thereby helping to achieve the then policy objective of attaining a home ownership rate of 70% in Hong Kong in ten years' time.

In 2002, the Government re-positioned the housing policies, and decided to focus on the provision of PRH to low-income families who cannot afford private rental accommodation, with a target of maintaining the AWT for general WL applicants at around three years. As there was no longer a target for home ownership, there were no longer any grounds for continuing the TPS. Accordingly, the HA decided to cease the sale of PRH flats upon the completion of Phases 6A and 6B of the TPS.

We do not have any plans at this stage to re-launch the TPS. There are two main considerations –

First, recovered flats are an important source of public housing supply for WL applicants. There are currently over 150 000 applicants on the WL for PRH. PRH flats, once sold to the tenants, will not be returned to the HA for re-allocation, thereby affecting the turnover and supply of PRH flats and undermining the HA's ability to maintain the AWT of general applicants at around three years.

Moreover, since the introduction of the TPS, the HA has encountered many problems with the management of PRH flats in TPS estates. In the 39 TPS estates, there are some 64 000 rental flats (representing 35% of the total number of flats in the TPS estates). Regardless of the number of flats sold, a TPS estate, as in the case of any private development, is managed by its Owners' Corporation (OC). Empowered by the Building Management Ordinance and the Deed of Mutual Covenant, the OC will decide on the mode of management and how the public areas of an estate are to be managed. In the TPS estates, the HA's estate management policies cannot be fully implemented. As a result, tenants living in the TPS estates and those living in the PRH estates are subject to different management regimes. For example, the Marking Scheme for Estate Management Enforcement is not implemented in the public areas of the TPS estates. The HA can only deal with the misdeeds committed in rental flats of the TPS estates.

Although we do not intend to re-launch the TPS, under the current policy, the existing tenants in the TPS estates can still opt to buy the flats they are living in. PRH residents who would like to acquire a home may also choose to buy TPS and Home Ownership Scheme (HOS) flats with premium not yet paid in the secondary market.

The third part of the question:

The HOS secondary market allows the existing PRH tenants and other Green Formers to buy HOS flats with premium not yet paid. The objective is to provide them an avenue through which to attain home ownership and at the same time vacate more PRH units for allocation to persons in genuine need.

Allowing those who qualify for White Form status to purchase HOS flats with premium not yet paid on the HOS secondary market requires detailed consideration, including whether the proposal aligns with the objectives of HOS secondary market, which are to promote the mobility of PRH tenants and at the same time to recover PRH units for reallocation. Other issues include whether the supply of HOS flats can effectively match with the demand. All these would have to be looked at carefully.

Nevertheless, in response to the aspirations of low and middle-income families to buy their own homes, the Chief Executive has put forward two buffering measures, including a new policy for the resumption of the HOS and enhancement of the "My Home Purchase Plan" ("MHPP"). Those who are interested to apply may choose to do so in accordance with their own needs and affordability.

To conclude, the Government will continue to uphold its long-term commitment of providing PRH to low income families and persons who cannot afford private rental accommodation, by completing at present around 15 000 PRH units on average per year to meet the target of maintaining an AWT of three years for general WL applicants. However, as I have just mentioned, the production of 15 000 new PRH units per year is not a fixed target. The objective is to maintain the AWT for general applicants at around three years. When necessary, the HA will increase the production volume in order to keep the AWT for general applicants at around three years.

For households with plans to acquire homes, there are diversified choices on the housing ladder, including HOS flats with premium not yet paid on the secondary market, HOS flats with premium paid on the open market, new HOS flats or MHPP flats, and flats of different prices on the private market, including those at prices that are affordable by the general public. Overall, there are choices at various levels on the housing ladder for the prospective buyers. Those who aspire to acquire homes can flexibly arrange their plans to acquire home ownership depending on their individual economic and family circumstances.
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Old November 12th, 2011, 05:53 PM   #149
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Kai Tak public housing project adopts low carbon construction initiatives
Friday, November 11, 2011
Government Press Release


Housing blocks under construction with precast concrete components.

The following is issued on behalf of the Hong Kong Housing Authority:

Low carbon construction initiatives have substantially reduced carbon emissions during the construction stage of a major public housing project by the Hong Kong Housing Authority (HA) at Kai Tak.

Officiating at today's (November 11) ceremony to promote such initiatives, the Director of Housing, Mr D W Pescod said, "The low carbon construction measures adopted by our Kai Tak Site 1A housing project could reduce carbon emissions by about 54 000 tons (24 per cent) during construction, or the amount of carbon absorbed by over 2 000 000 trees a year.

"We aim to push forward sustainable construction techniques in our industry through adopting these low carbon construction measures in our public housing developments," he added.

The Kai Tak Site 1A housing project has adopted a number of environment-friendly features such as a photo-voltaic system utilising renewable energy, energy-efficient light fittings, and a rainwater harvesting and plant irrigation system.

Recycled materials have been widely used for construction works. These innovative moves include the use of marine mud excavated from the site mixed with a small amount of cement for in-situ backfilling and for production of pavers. By so doing, there is no need to dispose of marine mud by dumping and land filling. Carbon dioxide emissions created by transportation for dumping can also be eliminated.

The green treatment of marine mud for in-situ backfilling initiated by the HA has been awarded the Champion Environmental Paper by the Hong Kong Institution of Engineers and the Civil Service Outstanding Service Award this year.

Other green initiatives include wider adoption of prefabricated components such as volumetric precasting of bathrooms and kitchens, in addition to precast facades and staircases. These arrangements can streamline workflow on site and reduce wastage of raw materials by a substantial amount. To further reduce air-pollution during construction, electric vehicles and bio-diesels are used on site.

The HA and the main contractor of the Kai Tak Site 1A housing project, China State Construction Engineering (Hong Kong) Ltd have jointly produced CD-Roms and brochures featuring the low carbon construction initiatives for sharing with the industry.

The Kai Tak Site 1A public housing development covers 3.47 hectares and will provide about 5 200 flats scheduled for completion by early 2013. It will provide a green living environment for around 13 000 people with "homes in the park".
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Old November 20th, 2011, 04:38 PM   #150
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Housing Authority sets rents for two new estates
Tuesday, November 1, 2011
Government Press Release

The following is issued on behalf of the Housing Authority:

Rents for 8 292 flats in 11 non-standard blocks of the Housing Authority (HA)'s two new public rental housing (PRH) estates to be completed in the first half of next year will be set at the current best rent level of the urban district.

The district best rent at $58.6 per square metre per month for flats in the urban district will apply to the 4 054 flats at Shek Kip Mei Estate Phases 2 and 5 and the 4 238 flats at Lower Ngau Tau Kok Estate Phase 1.

"Under this rent fixing exercise, over 88 per cent of the flats are set at a rent level below $1,900 per month," a spokesman for the HA said today (November 1), adding that PRH rents, which are inclusive of rates, management and maintenance costs, are heavily subsidised.

"PRH applicants who are allocated new flats but cannot afford the rents may request refurbished flats at lower rents. They may also apply for assistance under the Rent Assistance Scheme for the refurbished flats where applicable," the spokesman added.
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Old November 22nd, 2011, 10:48 AM   #151
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To build up the building is very tall
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Old November 23rd, 2011, 11:29 AM   #152
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scary looking blocks, not that nice. just blocks
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Old November 30th, 2011, 02:29 PM   #153
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nice tenements, very colourful.
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Old April 18th, 2012, 05:08 AM   #154
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More flats to rise out of rubble at old estate
The Standard
Wednesday, April 18, 2012







About a third of Pak Tin Estate in Shek Kip Mei will be redeveloped to provide more public rental flats.

Under the plan, to start next year, 3,500 units in eight blocks will be demolished in three phases and replaced by 5,650 new homes by 2026.

The first 950 affected households of blocks 1, 2, 3 and 12 will be moved to public rental housing in neighboring areas or in the district of their choice, subject to availability of suitable vacant flats.

New flats in phases two and five, to be completed by the middle of this year, will serve to mainly rehouse the 950 affected Pak Tin residents.

The second phase will clear the Pak Tin Commercial Centre by 2017, followed by residential blocks 9, 10, 11 and 13 by 2022.

Completed blocks in the first phase will provide some 1,400 flats for displaced residents when the final phase of redevelopment takes place.

A source denied the buildings to be redeveloped are structurally unsound or too expensive to repair. "The move is in line with the 2011-12 policy address to open up new sites and explore ways to achieve the production target for public rental housing," the source said. "By redeveloping the estate, densities and plot ratios can be drastically increased by adding 2,150 more units."

Since Pak Tin is a relatively old estate with a large number of senior residents, a dedicated Community Service Team will be established to act as a bridge between the Housing Authority and the affected tenants to smoothen the clearance process.

But the source declined to provide a cost estimate, saying the redevelopment plan has yet to be confirmed and approved by the Strategic Planning Committee of the Housing Authority.

One resident welcomed the redevelopment, saying her block is 34 years old and is showing signs of wear and tear.

She added it is stressful to walk up the stairs as her block has no lift.

But a shop tenant, surnamed Ng, who sells shoes in Pak Tin Commercial Centre, fears he may lose his regular customers if he has to move.

He also expects rents to increase once work is completed.

The eight blocks in Pak Tin are among the 20 that were built between 1975 and 1979.
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Old April 23rd, 2012, 05:16 AM   #155
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Partial redevelopment of Pak Tin Estate
Tuesday, April 17, 2012

The following is issued on behalf of the Housing Authority:

The Housing Department (HD) announced today (April 17) that the older portion of Pak Tin Estate in Sham Shui Po, comprising eight residential blocks and a commercial centre, will be redeveloped in phases, starting in 2013-14.

"The redevelopment plan was approved by the Strategic Planning Committee of the Housing Authority (HA), having considered the build-back potential of the aged portion of the estate in addition to its structural conditions and the cost for comprehensive repair," an HD spokesman said.

This move by the HA echoes the announcement by the Chief Executive in the 2011-12 Policy Address that, in order to achieve the production target for public rental housing, the Government needs to open up new sites and explore ways to appropriately increase the densities and plot ratios of public rental housing projects without compromising the living environment. There have also been calls from the local community to redevelop the older part of Pak Tin Estate.

The aged portion of Pak Tin Estate includes Blocks 1, 2, 3, 9, 10, 11, 12 and 13 and the Pak Tin Commercial Centre. They were built between 1975 and 1979, and contain about 3,500 flats. Upon redevelopment there will be about 5,650 flats, with a net increase of about 2,150 flats.

"In order to minimise disruption to the community, the HA will adopt a phased clearance approach. We will first clear the existing Blocks 1, 2, 3 and 12 in 2013-14, followed by the Pak Tin Commercial Centre in 2016-17 and then Blocks 9, 10, 11 and 13 by 2021-22.

"For the HA's estate clearance operations, the HA will identify suitable rehousing accommodation for affected tenants to suit their needs. The HD will, as far as possible, allow the affected tenants to move to public rental housing flats in neighbouring areas or in the district of their choice, subject to availability of suitable vacant flats nearby. The new flats in Shek Kip Mei Estate Phases 2 and 5, which will be completed in the middle of this year, will be the primary rehousing resources to kick-start the redevelopment process.

"For tenants affected by the later phases of Pak Tin redevelopment, rehousing in the newly completed earlier phases of redevelopment can be considered, subject to availability of suitable resources therein," the spokesman added.

A dedicated Community Service Team will act as a bridge between the HA and the affected tenants to smoothen the clearance process. This would ease the potential anxiety of the tenants and maintain the neighbourhood network for the senior citizens.
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Old April 23rd, 2012, 03:49 PM   #156
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Public housing under construction @ Cheung Sha Wan
By ll-s from a Hong Kong photography forum :

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Old April 27th, 2012, 10:00 AM   #157
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New-look estate to offer prize homes
The Standard
Wednesday, April 25, 2012

The Housing Authority has announced that parts of Pak Tin Estate in Sham Shui Po will be redeveloped and modernized.

As a public housing estate, Pak Tin is not as well known as either Wah Fu or Choi Hung, which have produced a good number of self- made millionaires and celebrities.

But Pak Tin's living environment is definitely superior, and may even be better than many private housing estates.

Pak Tin is part of a Sham Shui Po public housing cluster that is just a stone's throw away from the high-end residential areas of Yau Yat Chuen and Beacon Hill.

It is an example of putting public housing close to a luxury residential district - a policy dating from colonial days.

In terms of location and convenience, Pak Tin rivals luxury developments such as Sino Group's Dynasty Heights on Yin Ping Road, Beacon Hill, which sold for close to HK$10,000 per square foot a few years ago.

Situated midway up the hillside, Pak Tin commands a panoramic view of both Kowloon and Hong Kong Island.

The view is unobstructed because the area was in the flight path of the former Kai Tak airport and height restrictions meant buildings were kept under 10 stories.

On a clear day, you can see the entire northern shoreline of Hong Kong Island with its landmark sights like the HSBC main building and the International Financial Centre towers.

Set in a pleasant park and green belt, the estate is just a 10-minute walk from Shek Kip Mei MTR station.

With the relocation of the airport and the height restrictions lifted, taller buildings are now beginning to spring up in the vicinity.

But that should not affect the view of the estate, as its new blocks will also maximize their permissible plot ratio.

On the private market, such flats would easily cost HK$20,000 per square foot.

Anyone allotted a unit at the eight residential blocks to be redeveloped may count themselves the winner of a lottery!

Siu Sai-wo is chief editor of Sing Tao Daily
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Old April 30th, 2012, 06:04 PM   #158
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New Shek Kip Mei Estate
4/22























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Old May 1st, 2012, 12:12 AM   #159
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Why does that sign say Shek Kip, what happened to Mei?
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Old May 1st, 2012, 07:11 AM   #160
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Quote:
Originally Posted by spicytimothy View Post
Why does that sign say Shek Kip, what happened to Mei?
There is "mei" there.

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