The Lands Department today announced the resumption of a site on Ash Street, Tai Kok Tsui, for the implementation of the Urban Renewal Authority’s fourth project under the Demand-led Redevelopment Project Pilot Scheme.
A total of 78 private property interests at the site will be resumed under the Lands Resumption Ordinance. The site, with an area of 474 sq m, will be redeveloped as a residential development with retail and loading facilities on the lower floors.
Apart from statutory compensation, eligible domestic property owners will be offered an ex-gratia home purchase allowance or supplementary allowance. Eligible domestic tenants will be offered rehousing or an ex-gratia allowance.
Eligible commercial property occupiers can choose an ex-gratia allowance in lieu of the right to claim statutory compensation for business and related losses. Affected owners and tenants of both domestic and commercial properties can make statutory claims.