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Policy Address
- We are actively considering relaxing or lifting a moratorium, which is an administrative measure, currently in force to restrict the sale of new land or modification to lease in Pok Fu Lam and the Mid-Levels, so as to lift development restrictions in these two areas;
- We will step up efforts to put into full play the integrated development of mass transportation and residential property, and take forward the planning for residential development at Kam Tin South West Rail Kam Sheung Road Station and Pat Heung Maintenance Depot, with land of about 33 hectares in total estimated to provide about 8 700 flats. In addition, engineering studies will be conducted for the adjoining areas, totalling about 110 hectares, to identify land for public and private housing development. The Government will also explore vigorously the residential development potential of land along existing and planned railways;
- In the coming four years, the Urban Renewal Authority (URA) will supply approximately a total of 4.9 hectares of land under its development projects, which will be mainly used for residential development. It is estimated that about 4 700 flats can be provided. To address the aspirations of property owners and speed up the pace of urban renewal, I will invite the URA to forge ahead with its "demand-led" redevelopment scheme. To that end, the URA also set out to redevelop industrial buildings through a pilot scheme in October 2012, including redevelopment for residential purpose;
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