Central Plains: advocate the reconstruction of civil servants by the supply
Central Plains suggested that the government take the lead in rebuilding the urban civil service cooperative buildings to release potential urban land supply.
Zhang Jingda, an executive director of Zhongyuan Surveyors, said that at present, about 238 buildings in the Civil Service Cooperatives (CSPs) occupy an area of about 30 hectares with a common age of more than 50 years. Most of them have not had enough floor space to build and there is a great potential for redevelopment. Therefore, it is proposed that the Government should look for the buildings of civil service cooperatives to help them dissolve their co-operatives and provide temporary compensation and subsidies for their owners. They will rebuild the site to public housing without relaxing the land premium for the government to relax the development restrictions. Can be returned to the property, additional floor for public housing for sale or rent, the original owner of the sale of units still have to make up the premium to the government. He pointed out that it is not easy to rebuild civil servants’ cooperatives through private developers. By means of government, collusion between officials and businessmen can be avoided. Moreover, land can be found in urban areas to build public housing.
Improve land use potential
According to the Land Supply Task Force, Hong Kong lacks a supply of 1,200 hectares of new land. About 250 hectares of land is for residential use. In his opinion, urban renewal in the current political and social environment can enhance the existing land use potential and improve the living environment of the old urban areas. Easy access to public consensus.
He added that housing prices in Hong Kong continued to rise, with property prices soaring about 14% last year. Although the government started to increase the supply of housing a few years ago by increasing its floor space, the completion of residential building reached its highest level in 1,2 years. Under the premise of tight supply this year, it is estimated that there will be a 10% increase in property prices this year .