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Kowloon City Trial Community Rehabilitation URA Provides 3% Interest for Five Years to Help Owners Building Maintenance Fund

2022-10-02T04:18:56.006Z


Earlier, the URA selected the area from Nam Kok Road to Ta Kwu Ling Road as a group of buildings that are in acceptable condition but do not need to be rebuilt for the time being, to carry out a trial "community rehabilitation" and propose a maintenance plan. URA Executive Director Wai Chi-shing today (2nd)


Earlier, the URA selected the area from Nam Kok Road to Ta Kwu Ling Road as a group of buildings that are in acceptable condition but do not need to be rebuilt for the time being, to carry out a trial "community rehabilitation" and propose a maintenance plan.

The Executive Director of the URA, Wei Zhicheng, published a blog today (2nd), pointing out that owners who participate in the "community rehabilitation" in the future will receive an additional one-time subsidy for exclusive project costs to support the owners in repairing the outer walls of the buildings and resurfacing the roof. Waterproof layer.

In addition, the URA will assist the owners to set up a maintenance fund and provide an additional 3% interest at the initial stage of payment for a period of five years.


He revealed that the preparatory work for various related measures has reached the final stage. Proactively contact the owners of the relevant buildings to discuss the repair plan, and will beautify the exterior walls of the buildings under repair.


▼On May 27, the URA announced the launch of the Kowloon City Redevelopment Project▼


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Generally, about 40 years old can benefit about 1,000 units

Wei Zhicheng said that the team has selected the above-mentioned area as a pilot project to launch a three-year "Community Rehabilitation" pilot project.

The pilot project involves more than 40 buildings, most of which are about 40 years old, and is expected to benefit about 1,000 residential units. Among them, more than 60% of the buildings have never been inspected or organized for maintenance work, and most of the buildings are "three-nil buildings" .

Additional special subsidy for non-owner occupiers can also benefit

The URA will provide support measures for the pilot, including additional special subsidies. Owners participating in the “community restoration” will receive an additional one-time exclusive project cost allowance, and will focus on supporting owners to repair the old and damaged building exterior walls and rebuild the building. Countertop waterproof layer.

Wei Zhicheng explained that the costs of the above two projects are generally high-cost projects, and each household needs to pay about tens of thousands of yuan in project costs.

Under the "Community Rehabilitation" program, the URA will provide participating residential owners, whether self-occupied or not, each household with an additional exclusive project cost allowance to reduce the proportion of the project cost that each household needs to share.

Building owners can also participate in the current subsidy scheme implemented by the government to obtain higher subsidy.

Assist in setting up a reserve fund to provide 3% interest for five years

He also pointed out that in order to encourage building owners participating in "community rehabilitation" to set up a maintenance reserve fund and make continuous contributions to prepare for future maintenance works, the URA will assist owners to set up a reserve fund, which will be provided at the initial stage of payment. An additional 3% interest as "incentive interest" for a period of five years.

Trial implementation of "joint building management" in several single-block buildings

In addition, there are about 30 individual buildings in the district that cannot be grouped or managed by property management companies.

The URA will partner with the Hong Kong Institute of Housing Managers to conduct a trial implementation of "joint building management" to assist unincorporated buildings to establish an OC as soon as possible, and then combine with other existing OCs to form a community , jointly employ a property management company.

At the same time, the URA will subsidize owners to hire engineering consultants to conduct inspections for indoor units, including structural and water seepage investigations, and subsidize repair materials required for the works, as well as volunteer teams set up by different construction industry organizations to arrange for volunteers to assist in repairs Work, such as mild spalling of concrete, replacement of damaged floor tiles, etc.

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Source: hk1

All news articles on 2022-10-02

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