Tai Hang Sai Estate will be built 5000 units,free of the first phase payment of a million dollars in order to help the public to buy
Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok,Chun Man Yi)A new 'Policy address'have put the housing problem, the problem of young people, retirement, etc. on a very important position,chairman of Henderson Land Lee Shau Kee announced yesterday even string 'charitable housing plan', also address these issues 'off the drug'.Expect to be donated the land to build the youth hostel, cheap old houses built in the Mainland,sold to retirees in Hong Kong,the most eye-catching than the idea of affordable housing in the private holdings of Tai Hang Sai Estate Buildings which developed by Hong Kong Settlers Housing Corporation Limited changed as 'hardworking young entrepreneurs residence' for low-income young people have professional application, plans to provide 5,000 small units, about 300 square feet per partner, the price is only HKD $1.0 million,free of the first phase payment,initial 20-year period,with more than HKD $5,500 per month only. The Government also hopes that it can be worked,but involve a change in the terms of the lease, planning and premium issues to be studied.
20-years with 3% interest rate,with payment of HKD $5,500 per month
Lee Sau Kee said yesterday that many young people are not from wealthy family, with not much income either,so Tai Hang Sai Estate's 'diligent young entrepreneurs residence' and its purpose is to help low-income young professional home buyers, with one-third salary mortgage, live and work. He made each unit sold more than HKD $1.0 million, the first phase of free payment,10-year fixed-rate installment, 3% accrued interest, using only HKD $9,600 per month; it is for more than 20 years,HKD $5,500 a month.'After the full mortgage,the unit belong to themselves and slowly become well-off family.'
Insiders pointed out that the project is recommended that each unit price of HKD $1.0 million, assuming that the cost of belonging to the project of 5,000 units to calculate that the cost of the project construction has reached HKD $5.0 ten billion.
Lee Sau Kee said Tai Hang Sai Estate redevelopment project has been authorized, the idea of the HOS in a similar manner (PSPS), the most critical is the placement of 1,300 units Vacate problems and costs,will try to support. He said that there are many methods of compensation, at present no plan, and perhaps pay HKD $200,000 a unit,or compensation for a cheap house in the Mainland, if the government units to give them refuge, after the completion of the future to rebuild into a unit,can also consider gradually solved, but will not let the relocated families homeless.
However, Tai Hang Sai Estate Mutual Aid Committee meeting last night, referring to the majority of elderly people in the village, once the reconstruction,they will have no place to live. Committee 7:00 appeals, including going to the site of the construction of public housing flats, then the implementation of the original village rehousing, if someone chooses not to live in public housing or HOS, to grant special compensation, etc. and all seven sought admission demands, otherwise they would oppose redevelopment project to rebuild so add resistance. (See separate draft)
Half a century directors will have no profits
Asked Tai Hang Sai Estate redevelopment,worried that the outside world, 'collusion' impression,Lee Sau Kee stressed 'We are (Hong Kong Settlers Housing Corporation Limited) director for several decades, a celestial being no income, future money will give back into the company, charity, others will have no income.'Government spokesman said the civilian reconstruction hope to be redeveloped Tai Hang Sai Estate Buildings, except to funding the construction of more units, can also continue to take care of the housing needs of the existing population, but involve a change in the lease terms and planning requirements, as well as premium, etc., there is really no reconstruction programs.
Retrieve information, Tai Hang Sai Estate is located in Tai Hang Sai Street andWoh Chai Street in Sham Shui Po,1961 by the Government to grant price used to build rental units for low-income earners,with a total of eight blocks,providing about 1,600 units. Unlike public housing estates general HA or HS, Tai Hang Sai Estate Buildings belonging to civilians held by 'private estate' and one of the directors of the company's Henderson Land chairman Lee Shau Kee,the other directors including Bank of East Asia Chairman David Li and former Secretary for Education and Manpower Arthur Li.
The units with rent of HKD $500 which is cheaper than the subdivided units
Tai Hang Sai Estate units with cheap rent, currently about HKD $500 per month, the most expensive monthly rent is only HKD $2,000, which is cheaper than the subdivided units in Sham Shui Po over the neighborhood.But Tai Hang Sai Estate dilapidated facilities, reconstruction flocked early sound, however, due to the possession of the estate by a private company, the government has pointed the responsibility to rebuild Tai Hang Sai Estate Buildings to Hong Kong Settlers Housing Corporation Limited. 2011 Hong Kong Settlers Housing Corporation Limited have applied to build private buildings,but the Board will reduce the plot ratio of 5.5 times and additional height restrictions, the government refused to give the green light to modify the lease conditions, resulting in no rebuilding period.
In addition, when the government is preferential land lease to the company and if there are any change of use of land plot involving,also first premium. Lee Shau Kee plans to rebuild it as youth entrepreneurship residence, as distinct from general residential, the premium amount is unknown whether there will be adjusted accordingly, lower than the market price, subject to government research.
