The Land Sharing Pilot Scheme was finalized and accepted for application early next year
It is expected to bring land supply as soon as possible after receiving applications for about four to six years. The Development Bureau announced the reference timetable for the project yesterday. It is recommended that the relevant applications should be completed within six months for the approval and approval of the principled support. It is expected that the statutory planning process and land premium will be completed within two and a half to three years. In two and a half years, the land will be leveled into “ripened land” for housing construction.
The Land Sharing Pilot Scheme was finalized and accepted for application early next year
It is expected that the land will be supplied as early as four to six years after receiving the application.
The Government proposed the above-mentioned pilot scheme as early as last year but it has caused social controversy. After a year, it will revisit the plan and release details in this year’s policy address. The Development Bureau said that it is aware that the public is concerned about public-private partnerships as an option to increase the supply of housing land. It is therefore proposed to set up a special team composed of non-official members outside the central group. The former is responsible for consultation. The policy bureaux and departments will review the application, while the latter will be responsible for providing advice to the government on the application.
Subsequently, the Chief Executive in Council approved the principled support and commenced statutory procedures, such as changing the land use and gazetted to the Town Planning Board, and finally revising the contract and land premium to enter the flat land for building
The pilot scheme requires developers who submit applications to submit proposals after integrating their own land titles. For example, how to plan infrastructure development, increase land-to-land ratio, and obtain new floor area. The Development Bureau requires at least 70% of the newly added gross floor area to be used for public housing or “first place” purposes. The landowners have to hand over part of the land to the Government for the development of these houses. The remaining land can be reserved for private housing development. .
70% of the floor area to be allocated for public housing
The application of the application method for the non-domestic use of the site is specifically explained in the non-domestic use areas such as “Green Belt”, “Government, Institution or Community” and “Road”. The use of land is not specified by the Government. The total floor area available for residential use, in other words, the decision to add new floor area can only rely on the application for proposals and the total floor area approved by the Town Planning Board.
For example, an area of 2,000 square metres of agricultural land, which has been built for residential use, has a total floor area and a plot ratio of zero. However, after the application and the approval of the Town Planning Board, it was changed to residential land and approved plot ratio. For the third place; the local plot ratio is multiplied by the land area, that is, the newly added gross floor area is 6,000 square meters, of which 70% are allocated public housing, which is expected to provide about 840 units of 50 square meters.