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Three sites at Hai Tan and Tung Chau Streets in Sham Shui Po will be redeveloped into a commercial-residential area with a "jade walk" and a "pebble walk" garden, the Urban Renewal Authority says.
Covering a total area of about 80,000 square feet, the projects will cost about $2.53 billion and will improve 680 families' living conditions.
The projects, to be completed in 2013, will deliver about 600,600 square feet of residential floor space and 120,000 square feet of retail commercial space.
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| Regeneration plan: Three sites at Hai Tan and Tung Chau Streets in Sham Shui Po will be redeveloped into a commercial-residential area with a "Jade Walk" and a "pebble walk" garden. | |
2 special features
One of the special features of the projects is a "jade walk" in the segment of Pei Ho Street. A small town square, with a theme on the art of jade, will be built right next to the existing jade bazaar.
The second special feature is a "pebble walk" garden of 8,000 square feet. The authority envisions a small garden landscaped with lots of greenery and decorative stone columns. Enclosing the greens would be a pebble walkway, about 660 feet long.
The authority's District Development Director Joseph Lee said the projects involve 37 dilapidated residential buildings built in the post-war period.
"There are 385 property interests and about 680 households. The URA will soon submit a draft scheme plan to the Town Planning Board for approval."
Compensation cost
Upon approval by the board and the Chief Executive-in-Council, the authority will issue acquisition offers to owners and, following acquisition, compensate or rehouse the tenants. The total compensation and rehousing cost is estimated at about $1.1 billion.
Briefing and consultation sessions will be held next week to explain to the owners and tenants the planning approval procedure and, if approved, the acquisition and compensation arrangements.
For more information, call 2588 2333.
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