2024-04-25 28Hse Editor
The Chief Executive will announce a new "policy address" next week, housing is still the most pressing issue related to people's livelihood. In an exclusive interview with , Cheng Qiwen, Chairman of Shunhao Property Investment and Huada Hotel Investment, revealed a number of suggestions for accelerating housing supply, including the establishment of a "Redevelopment Agency" similar to the existing Urban Renewal Authority (URA) The most innovative. The "Agent Construction Authority" will first fund the reconstruction and sale of old buildings in the urban area. After deducting the development costs, the profits will be returned to the small owners, so as to resolve the unwillingness of small owners to sell their property rights to private developers or the URA and slow down urban renewal The deadlock of the property market, as well as the problem of small farmers’ lack of land premium funds, has increased the supply of the property market. ■ reporter Liang Yueqin
The housing problem in Hong Kong has always been criticized. There is insufficient land supply, high property prices, and small living area. In order to solve the problem of insufficient land supply, the government even has to spend hundreds of billions of dollars on land reclamation. Cheng Qiwen pointed out in an exclusive interview with the that land reclamation is not impossible, but the distant water cannot save the nearby fire. At present, there are as many as 40,000 old buildings over 40 years old that can be rebuilt in the urban area. There are also tens of thousands of acres of private farmland in the New Territories. Available for development. However, even today, many small owners of old buildings in urban areas prefer to live in these years of disrepair, poor conditions and non-compliant environments, rather than selling their property rights to the URA or private developers. Similarly, many farmers and even brownfield owners in the New Territories would rather leave their land vacant, leased to open-air warehouses or grow vegetables, rather than sell their agricultural land or brownfield to developers.
Developers sell low prices
The reason is one word "money." Cheng Qiwen bluntly said: "I have participated in the redevelopment plan of the acquisition of old buildings, and found that these small owners are most concerned about two types of interests, one is the interest of housing, and the other is the profit after redevelopment." Small owners of old buildings in urban areas and even owners of farmland in the New Territories
Like
