The URA announced today (24th) two redevelopment projects in Sham Shui Po District. The sites selected are "Ken Shan Lane/Fuk Wah Street" and "Cheong Wah Street/Cheung Sha Wan Road". The Tang Tower has been standing in Sham Shui Po for more than half a century. There are a total of 720 residential units in the area. There are many subdivided houses in the area. It is expected that 2,100 households will be affected.
A couple who have lived in Kenseon Lane for nearly 60 years said that the building is old and in disrepair. It often leaks and peels off concrete. There is no way to improve the environment. They were very excited after learning that the building was rebuilt in the morning. Ah really!" They hope to receive compensation of at least 18,000 yuan per square foot, allowing them to buy a unit similar to the current 600 square feet in the same district.
Another sub-divided tenant said that she has been waiting for public housing for 6 and a half years. After the news of the acquisition, it means that she can speed up the pace of going upstairs and get rid of the sub-divided life. She hopes to get a public housing unit in Cheung Sha Wan. , It is convenient for my son to attend class.
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The couple bought a unit of tens of thousands of dollars in the 1970s
The Yangs, who live on the lower floors of No. 556 Fuhua Street, have moved to the current site in the 1960s. The unit has a saleable area of 598 square feet. It was only in 1971 that the unit was purchased for tens of thousands of yuan, and they later gave birth to children in Jianshanli. 60 years.
Mrs. Yang said that the unit upstairs was converted into a suite. In addition, the building was very dilapidated and in disrepair, and there were problems such as water seepage and peeling of concrete from time to time. Hey, his husband, who has reached his eighteenth year, has to renovate the wall every six months to a year to cover the problem of peeling of the outer wall.
She also mentioned that the sanitary environment of the building is also very bad. The patio is full of rubbish. Once the window is opened, mice will come in. They will not dare to open the window, hoping that they will not have to go up and down the stairs after the acquisition.
So she was very excited when she heard the news in the morning, "I am so happy, wow! It seems like the Mark Six lottery is really true", "Rebuild it, don't make the next day to endure all the hardships", "Everyone is so happy. Buildings and streets all look forward to buying."
Hope to acquire at least 18,000 sq. ft. to earn more than 10 million yuan
However, after rebuilding in the future, the current harmonious relationship between neighbors may be difficult to see again, but what the old couple is even more worried about is the compensation plan that is still unknown. They are worried that the compensation will not be able to buy similar units in the same district. The URA can refer to the compensation for the acquisition of To Kwa Wan and other places and purchase its units at a price of at least 18,000 yuan per square foot.
If their wishes come true, the two old couples can receive 10.76 million yuan in compensation, which is more than 100 times the property price of the year; if their wishes fail, they also hope that the authorities can arrange "flat-for-flat" arrangements.
Although the URA’s compensation plan has yet to be finalized, it refers to the price per square foot of a 7-year-old building in Sham Shui Po, which is located at Lai Chi Kok Road and Yi Kuk Street. The price per square foot of the "Fenghui" jointly developed by the Cheung Kong Group and the URA is 16,562. The price per square foot of the stand-alone property "Jinling", located on Xiyangcai North Street and Far East Development, is RMB 18,601. If the compensation is calculated based on the price per square foot, it is believed that the Yang family can indeed get compensation of approximately RMB 10 million.
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Residents of sub-divided households have waited 6 and a half years to go upstairs: I hope they can move to public housing in the district
Ms. Li, who lives in a sub-divided unit at No. 15 Jianshan Lane, described the redevelopment as a good news for her.
She said that when she moved to the 170-square-foot site six years ago, the rent increased from 5,300 yuan to the current 6,100 yuan. The husband who works in the "Three Elements" earns only more than 10,000 yuan a month, but he has to shoulder the burden of the family alone. The rent is also a huge burden.
As for the current home environment, she said that the concrete is constantly peeling off and the mold is serious. What worries her most is that her unit is located on the lower floor. Snakes, insects, mice, and even centipedes walk into the house from time to time. A few steps away, he described as "frightening in the shower," and the living environment went from bad to worse.
She revealed that she had applied for public housing for the first half of the year before moving to the current sub-floor. There has been no news for six and a half years. After the unit was acquired, she was also worried about whether she would lose her home. I am shocked that I will go out to live in the office again. I hope I can go upstairs directly, in the same area."
She said that her son who was studying in Primary Three was attending classes near Cheung Sha Wan Village and hoped that she could be arranged to live in the same housing estate so that her son could attend classes more easily.
The URA initiated the reconstruction of the two projects in Changsha Bay, involving more than 2,100 households in Changhua Street, Shanli. The URA initiated a five-point project for the transformation of Yuwangda into a waterway park and the activation of the fruit bar.
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