Lands Department resumes 836 private property interests in Cheung Sha Wan project
The site will be redeveloped for residential, retail, and commercial spaces.
The Lands Department has issued notices to resume 836 private property interests for an urban renewal project at Kim Shin Lane/Fuk Wa Street in Cheung Sha Wan.
Covering an area of approximately 7,452 sqm, the site will be redeveloped for residential use, retail and commercial space, as well as underground parking and loading/unloading facilities. The redevelopment will also include a 750-square-metre open space along Cheung Wah Street, while Kim Shin Lane will be permanently closed.
Property interests will revert to the government three months from the issuance of the resumption notices. Compensation measures for affected property owners include statutory compensation, as well as a home purchase or supplementary allowance for eligible domestic owners.
Domestic tenants will be provided with rehousing options or an ex-gratia allowance. Commercial occupiers have the option to accept an ex-gratia allowance instead of claiming statutory compensation for business losses.
The project is part of the Urban Renewal Authority’s 2021-2022 business plan aimed at enhancing the area's living conditions.