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The government used the near water to put out a near fire last year,released 33,000 units out on the property market

Squarefoot Editor  2014-01-13  2 #Property Hit News
Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok) Chief Executive 's policy address last year,have listed a number of property market policy,mainly related to seek lands for housing,as well as how to carry out a number of long-term land planning.As counted all of the policy,despite there are so many problems appeared on the political,but the policies of property market has been keep on promoting,the government in particular focusing on to increase the density of development,hoping to use " the near water " to "put out a near fire",and at least amended in 10 regions land use or relaxation of plot ratio in the calculation period,the total number of public-private units involved in more than 33,000 units,and it have recorded an unprecedented large scale. Rezoned the green community lands in order to increase the plot ratio Retrieve the information,the government have put a lot of effort on subsidized housing since last year,in order to meet the housing needs of mustering the strength,has suggested to increase the plot ratio of lands which located in Kai Tak,Tsuen Wan,Tai Po,Tuen Mun,Mui Wo,Kwai Fong and Cheung Sha Wan etc. in order to increase the development density,also have changed the green and community lands into public housing development directly.Just calculated this month alone,there are five lands in Tai Po and Tssuen Mun have rezoned the green and community lands for public housing development,which have provided an additional 5,400 and 2,800 units respectively. Rough estimate,these seven areas which have mentioned above,as the public housing units which have involved in 15,000 units,compared to the original units which are available for the property market,have recorded at least 2 more times.Except for the public housing lands,the density of private housing lands have more extensive liberalization,there are many lands involving rezoning,involved a total of at least nine regions,which located in Kai Tak,Tai Po,Tuen Mun,Tsuen Wan,Southern District,Mong Kok,Chang Sha Wan,Sai Kung,Kau To Shan,etc.,the number of units totaling more than 18,000 units,have a 4 times greatly increase when compared to the previously available units. As for aome short-term projects which can increase the supply,the government has stepped up the pace,like the former Diamond Hill Hom Village squatter area,the former Cha Kwo Ling Kaolin Mine,former Lamma Quarry,and Anderson Road Quarry these four development project which do not involve resumptions,it is expected to build about 17,600 available units.Among of all,the former Diamond Hill Hom Village squatter area has been recommended to develop as the public and private housing,and it will providing a total of approximately 4,200 units,with an increase of approximately 2.72 times when compared to the original 1.66 times;And the Anderson Road Quarry preliminary engineering studies have also applied for funding last December. And for the long-term land use planning,has also made ​​progress in the midst of controversy last year,such as the development of New Development Areas which located in the Northeast New Territories,the Planning Department have gazetted last December,will carry out a public consultation program for two months and planned to ask the Legislative Council for funding in the second season of this year;And the new Development Area which located in Hung Shui Kiu have completed the second stage of consultation last year,and the government plans to start the final stage of consultation about the development of the scope of the two lands involved this year.And the two development areas can provide more than 120,000 units. The Northeast of New Territories have started the progress,reclamation in order to provide lands have started consulting The reclamation land just except of the Victoria Harbor have commenced the second stage consultation with a view to provide 2,000 to 3,000 hectares of land,and the second stage consultation have ended in June last year,have collected more than 50,000 comments.In addition,Shatin Sewage Treatment Works have changed into residential development,as for the two rounds of public consultation which have ended in the earlier days,have received a total of 60 submissions;The Government then launched out the second cavern development plan,also the relocation of Sham Tseng Sewage Treatment Plant will commence the study in the third season of this year,it is expected to be completed in 2016. As for the land in Kai Tak,the Government has indicated that it will increase the overall office and housing supply in Kai Dak Development previously.The authorities has been revised development density on part of the lands last year.The Government has also conducted a study on the potential for development of underground space.And the development of the commercial land which located in the North of airport island,the Airport Authority Hong Kong have also discussed about it in the late of last year,suggested that the land which located in the North of the airport island will reserve the underground depot,and do not need to relocate the underground depot,also will construct a hotel on the land immediately,as for the first stage of commercial development.
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