Mong Kok plot to be redeveloped

Mong Kok plot to be redeveloped

The Lands Department has announced the resumption of a site at Reclamation Street and Shantung Street, Mong Kok, for the implementation of an urban renewal development project.

A total of 173 private property interests on the site will be resumed under the Lands Resumption Ordinance. The affected interests will revert to the Government three months from the date on which the resumption notice is affixed on-site.

Details of the land affected have been gazetted.

Upon resumption and clearance, the 1,640-square-metre site will be made into a residential development with retail and ancillary facilities, including a basement car park.

Apart from their entitlement to statutory compensation, eligible domestic property owners will be offered an ex-gratia home purchase allowance or supplementary allowance. Eligible domestic occupiers will be offered rehousing or an ex-gratia cash allowance.

Eligible commercial property occupiers can choose an ex-gratia allowance in lieu of the right to make statutory claims for business and related losses.

Affected owners and tenants of both domestic and commercial properties can make statutory claims.

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