Gudong Fanling North built 7.18 million houses
The New Territories Northeast New Development Area project, which has been plagued for more than 10 years, is finally ready for launch. The Development Bureau will apply for the $33.59 million grant to the Legislative Council Public Works Sub-committee for the first phase of the development of the Kwu Tung North and Fanling North New Development Area. The detailed design of the project and the remaining phases; together with the allocation of the Capital Works Reserve Fund for the first phase of land acquisition of 13.34 billion yuan, the new development zone temporarily involved nearly 47 billion yuan. The Development Bureau said that Gudong North and Fanling North could eventually provide 71,800 residential units, of which 48,500 (67.5%) were public housing. The first batch of about 800 private buildings is expected to be occupied in 2023. The first batch of public housing materials Completed in 2026.
800 private buildings first joined in 2023
The Development Bureau pointed out that the Kwu Tung North and Fanling North New Development Areas will be constructed in phases. The first stage of development involves 168 hectares. It requires 68 hectares of private land to be recovered and about 100 hectares of government land to be cleared. About 445 tenants and 141 businesses are operating. The person is affected. It is estimated that 21,000 residential units will be built in the first phase, of which 18,000 are public housing. A spokesman for the Development Bureau said that the 3,000-person private building was from an “original site exchange” and a non-“original site exchange” project, with 1,200 and 1800 teams respectively. The relevant units will be marketed earlier than the first batch of 800 units. Can join in 2023. The compensation for land resumption is calculated according to the preferential compensation rate of the new town development zone implemented last year. The agricultural land is 1348.8 yuan per square meter and 2676 yuan per house.
The entire development area will eventually provide 71,800 units, which will accommodate 188,000 people. Only 67.5% of them are public housing. They have not reached the public-private ratio of 7 to 3 in the new long-term housing strategy. The spokesman explained that the number of public housing units has been increased. Tens of thousands of households, but the design and infrastructure in the district allow us to add more.”
The Administration will apply for a funding of $33.59 billion from the Legislative Council [see table]. It will be mainly used for the first phase of the preliminary works, such as site formation and infrastructure works, detailed design of the remaining phases, construction of the Shek Wu Hui water purification facilities and relocation at the New Territories North. The police facilities of the tanker and the special cash allowance for eligible households. If the application for the grant is smooth, the project is expected to be carried out in the second half of the year.
A spokesman for the Development Bureau said that of the 445 affected households in the first phase, an estimated 10% were residents who were not eligible to go upstairs. The Administration has contacted 77% of the residents. Half of them said they are willing to undergo eligibility review. The target of the The qualification review of the 445 households was completed in the first quarter of this year. All residents are required to move out from the second half of 2019 to the end of 2021. This year, 50 households in Shek Kip Mei will be demolished, but the Shek Kiu Ling Elderly Home will not be included.
Revenue compensation for land acquisition in the second half of the year
I was asked if I would be worried about the fierce resistance caused by land resumption and relocation. The spokesman said that he did not want to see it, but admitted that it was difficult to avoid any major development projects: “All households are willing to leave the company.” Actually, however, the spokesman said that after the introduction of new ex gratia compensation measures in the middle of last year to relax the compensation for the tenants, from the ceiling of $600,000 to $1.2 million (the above-mentioned ad hoc cash allowance), most residents responded positively. I am confident that I can “speak with them” and implement them smoothly. The operators of brownfields in the 8 hectares of land in Kudakoma Grass Ridge, such as the wood factory, are the first operators to relocate.
Northeast development costs are expected to break 100 billion
The Gudong North and Fanling North New Development Zones temporarily received nearly 47 billion yuan, and the first phase of the first phase of the project and land resumption costs were 18.22 billion and 13.34 billion yuan, respectively, a total of 31.56 billion yuan. The official land to be cleared in the remaining stages and the area of private land to be recovered are 1.3 times and 1.6 times respectively in the first phase, and the expenses involved are expected to double. In other words, the overall development cost of the Northeast New Territories is estimated to have broken through 100 billion yuan. However, the Development Bureau reiterated that it is difficult to make a rough estimate of the final cost of the current information. The remaining phases of the project and land requisition will be applied to the Legislative Council before 2023.