The Development Bureau published the Land (Compulsory Sale for Redevelopment) (Amendment) Bill 2023 (the Bill) on 19 December 2023, with a view to updating and streamlining the compulsory sale regime under the Land (Compulsory Sale for Redevelopment) Ordinance (Cap. 545) to expedite the consolidation of property interests as one of the measures to facilitate the redevelopment of old and dilapidated buildings and improve people’s livelihood. At the same time, support for and protection of the interests of minority owners will be enhanced. The Bill, as one of the measures to speed up redevelopment of old buildings, proposes to enhance the existing compulsory sale regime in four directions -
The relevant Legislative Council Brief issued on 19 December 2023 can be downloaded at:
https://www.legco.gov.hk/yr2023/english/brief/devbplur70418515_20231219-e.pdf
The first batch of Designated Areas as provided in the Bill are tabulated below –
Note: The OZPs listed in the table serve to show the boundary of the first batch of Designated Areas as provided in the Bill. For the latest land use zonings on the prevailing OZPs currently in force, please visit the “List of Statutory Plans” promulgated under the Town Planning Board web-site (https://www.tpb.gov.hk/en/list_of_plans/schedule_plan.html).