The URA recently announced the start of the redevelopment of the "Nah Tsin Wai Road / Carpenter Road" project in Kowloon City, and will set aside more than $15 billion to implement the plan in the next 10 years.
Kowloon City Councillor and Legislative Council Member Yeung Wing-kit believes that after the redevelopment, Kowloon City neighborhoods will lose a piece of open space, and the old shops will be moved out one after another, which will inevitably exacerbate the problem of insufficient parking spaces and traffic congestion in the area, and urged the authorities to add car parks to meet the needs of residents.
▼On May 27, the URA announced the launch of the Kowloon City Redevelopment Project▼
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Yang Yongjie said in Hong Kong and Taiwan's "Millennium Times" today (30th) that the project "robbed" a piece of open space, that is, part of the Jia Pingda Road Park in the northern site, and resettled the Kowloon City market, causing the neighborhood to lose morning sports and running. The place.
He also pointed out that there are many old stores in Kowloon City, and even if they are compensated and hope to resume their old business, it is difficult to find a suitable place to reopen in the same district.
The URA said that it will strengthen the regional image of the Xiaojie Food and Cultural District in the future. He believes that when the old shops have moved out and invested in other areas, it is unrealistic to ask them to return to Kowloon City.
Proposed to add smart parking lot
He is also concerned about the shortage of parking spaces in the district, explaining that at present, the residents living in tenement buildings rarely drive, and most of the traffic flows from outside the district. By self-driving, it is foreseeable that in the future, there will be insufficient parking spaces in the area, which will aggravate the problem of road congestion. It is recommended to add smart parking lots, or to “steal spaces” in the station plaza on the east site to install additional parking lots.
The URA has earmarked more than $15 billion for the redevelopment of Nga Tsin Wai Road in Kowloon City.
(File photo / Photo by Ojiale)
The total sales of the units involved in the surveyor's project will exceed 26 billion yuan in the future
The URA has reserved more than $15 billion for the redevelopment of Nga Tsin Wai Road in Kowloon City. Chan Chi-hsin, Chairman of the Property Survey Section of the Hong Kong Institute of Surveyors, said on the same program that the compensation for recovering the old building has involved about $10 billion, but it is expected to be sold in the future New residential projects exceeded 26 billion yuan.
The URA also pointed out earlier that it has to deal with huge acquisition expenses for 6 projects in the next five years, among which the acquisition and compensation expenses are expected to be close to 30 billion yuan, which is equivalent to the current cash reserves. day-to-day business operations.
Chen Zhixin believes that the Kowloon City market can be moved out as soon as 2030, and the vacated land is quite large. I believe that it can be the first to allow developers to bid, which will help increase cash flow.
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