The Urban Renewal Authority (URA) decided today (May 5) to acquire all property interests affected by the Kwun Tong Town Centre redevelopment project in one go and implement the redevelopment in phases. The Development Bureau welcomed the decision.
A spokesman of the Development Bureau said, "The Government welcomes the URA decision to acquire all property interests affected by the Kwun Tong Town Centre redevelopment project in one go. This arrangement enables affected residents to improve their living environment early, which is their aspiration. The Government urges the URA to enhance its people-centred approach in taking forward this major and complex project."
"We will assist the URA in its preparatory work and expediting the process so that the URA will be able to make acquisition offers by December as planned," the spokesman said.
The Chief Executive visited the old Kwun Tong area and indicated that redevelopment of the Kwun Tong Town Centre was as timely as it was essential. In this connection, the Secretary for Development has set up an inter-departmental committee which she chairs to enhance the co-ordination among government departments, to assist the URA in proceeding with the phased redevelopment smoothly and expeditiously.
Ends/Monday, May 5, 2008
Issued at HKT 16:48
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