Mong Kok Reconstruction Of Sports Goods Is Expected To Be Completed In 2013.

After the event of "wave shoe Street", the Mong Kok laundry street reconstruction project has been repeatedly opposed to acquisitions or even "anti takeover" events. The URA finally announced its property acquisition yesterday.

The authorities said that the purchase of the laundry Street property right was 7012 yuan per square foot, and the purchase price of the shopping street was higher than that of the shops. The purchase price of the shops was between tens of thousands to 200 thousand yuan per square foot, and the loss was estimated to be no more than 1 billion yuan.

At the same time, it was clarified that it was reported that the URA would buy the laundry street at 6500 yuan per foot.

Luo Yikun, the newly appointed chief executive of the about 3000000000 Municipal Construction Bureau, estimated that the takeover cost was reasonable and attractive.

He admits that the recent surge in property prices has led to a rise in the purchase price, estimated at a total of about 3000000000 Yuan and is expected to cost no more than 1 billion yuan.

For a private consortium offering a 10% higher purchase price than the URA, Luo welcomed the participation of private developers in the reconstruction plan. He believed that the consortium's "counting points" would naturally take part.

He also pointed out that no consortium proposed "anti takeover" proposal for the time being.

Shops have a price ranging from tens of thousands to 200 thousand yuan. As the dairy Road Street shop is bigger than the laundry street and Garden Street, Luo Yikun estimates that the shop purchase price of milk Road Street will be the highest.

He pointed out that the eligible shop owners could calculate the purchase price at the market price, but at present they only knew that the purchase price was "wide", ranging from "tens of thousands" to "one hundred twenty million yuan" per foot. In addition, a 35% allowance and a 70 thousand to 500 thousand yuan compensation were added to reduce the losses caused by the redevelopment of merchants.

He also revealed that the new project may create a new record of purchasing tens of millions of dollars for a single shop.

The owners will have a 60 date to consider Luo's continuation, and the URA will make a purchase proposal to 175 residential owners within 10 working days.

The government has purchased 7012 yuan per square foot of usable area to purchase the right of housing in Mong Kok laundry street. After receiving the purchase proposal, the affected owners have 60 days to consider and accept the proposal within the prescribed time limit, and the related fee allowance can also be obtained: the owner occupied property owner can get 109500 yuan, or the actual area of 100 yuan per square foot, at the highest price.

Rental or vacant housing is 85900 yuan.

In addition to cash compensation, housing owners can give priority to the purchase of rebuilt projects at market prices.

Luo Yikun also clarified that there was a media report the day before yesterday, which means that the purchase price of the URA for the reconstruction project of the laundry Street residential unit was 6500 yuan per square foot, which is rumoured in the public. The number is not provided by the URA, and the price is not correct.

He said, "when the owner sees the price, he immediately goes to sell the room to other people and cause losses."

After rebuilding the sports goods 2013, Luo promised that a series of residents' associations would be held after the purchase proposals were issued, explaining all the arrangements to the affected owners and tenants.

At the same time, the social work team has been commissioned to provide assistance to the affected residents, such as helping some elderly people apply for public housing.

The rebuilt laundry Street will be built into a sports goods city. It is expected to be completed in 2013, providing more than 88000 square feet of retail and entertainment Kangle land and 150 thousand square feet of residential floor.

The Kwun Tong purchase price is expected to be released at the end of the year. In addition, the TPB will consider the submission of the Kwun Tong town centre reconstruction plan this week. If there is no need to revise the plan, the URA will offer the purchase price from the end of the year to the beginning of next year.

As for the government's review of the urban renewal strategy, Luo Yikun is confident that it will make research on the purchase price, conservation and resources.

As for the Research Report on the conservation of dozens of Tang buildings by the URA, it will be completed by the end of this month, and experts will provide suggestions for further repairs.