Housing Society Ming Wah Building Redevelopment Phase 1 is expected to be completed in the middle of the year to enjoy 40% rent reduction in the first year of occupation

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Written by: Lao Minyi

2021-04-02 15:28

Last update date: 2021-04-02 15:29

The first phase of the redevelopment project of Ming Wah Building in Shau Kei Wan of the Housing Society has been completed, providing 966 rental units for the resettlement of residents affected by the second phase of the redevelopment project.

Residents resettled in the original village have been repossessing houses one after another starting on the 30th of last month, and it is expected that the arrangement for occupation will be completed in the middle of this year.

The first phase of the reconstruction project of Ming Wah Building in Shau Kei Wan of the Housing Society was completed. Residents began to repossess their buildings on the 30th of last month.

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Newly relocated households have rent discounts for the first four years

The Housing Association stated that, taking into account residents’ opinions and the current economic environment, it provides a 4-year transitional rent reduction arrangement for residents who are relocated to the first phase (reconstruction) of new units. From the effective date of the new lease, residents will enjoy 40% of the rent is reduced, and the reduction will be reduced by 10% year-on-year, that is, the full rent will be paid in the fifth year.

In order to prepare tenants for relocation, the Housing Association will issue unit keys to tenants 14 days before the effective date of the new tenancy agreement. The Housing Association will also waive one month’s rent for the original unit of the tenants starting from the date of the new lease.

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Minghua Building will provide nearly 4,000 units after reconstruction

Minghua Building was built in the 1960s and has 13 buildings.

The Housing Society launched the Ming Wah Building redevelopment plan in 2011. The project was carried out in three phases, and the affected residents were resettled based on the principle of "relocation in the original village".

In the first phase of the redevelopment, 3 blocks (K, L, M) will be demolished to construct two new buildings, providing 966 rental units; in the second phase of the reconstruction, 5 blocks (F, G, H, I, J) will be demolished. ), involving more than 700 households, they can choose to relocate to new units in Phase 1 (reconstruction); or renovated units in Blocks A, B, C, D, and E of Ming Wah Building (Old Village); or other leases under the Housing Association Housing estate.

After the residents affected by the second phase of redevelopment have completed their relocation, the second phase of demolition works is expected to start next year to build 3 new rental housing estates, which will be sufficient to "replace the original villages" of the remaining affected residents. It is estimated that the project will require about 6 Years to complete.

The third phase of the redevelopment project will demolish 5 blocks A, B, C, D, and E for the construction of subsidized-sale housing and "elderly living and happy" units.

After the entire redevelopment project is completed, Ming Wah Building will provide a total of 3,919 units, including 2,561 rental units, 750 subsidized sale units, and 608 "Elderly Living" units, which is 750 more than the original 3,169 units.

The Town Planning Board approves the redevelopment and optimization plan of Ming Wah Building to add 750 subsidized sale units

The Town Planning Board examines the optimization plan for the reconstruction of Ming Wah Building and increases the subsidy by 750. The Planning Department does not object　

Reconstruction of Ming Wah Building. Contractor and steel reinforcement supplier participate in 4 other development projects of the Housing Association

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