Gov’t to amend land redevelopment bill

The amendment will expedite the consolidation of property interests.

The government introduced an amendment bill to reduce the compulsory sale application thresholds for private buildings ages 50 and above.

The amendment aims to expedite the consolidation of property interests to facilitate the redevelopment of old and dilapidated buildings and improve people's livelihood.

For private buildings in designated areas that fall within the range of 50 to 59, the thresholds will be reduced from 80% to 70%. If their age is 60 or above, the thresholds will be reduced to 65%.

The designated areas cover Cheung Sha Wan, Sham Shui Po, Ma Tau Kok, Kowloon City, To Kwa Wan, Mong Kok, Sai Ying Pun, Sheung Wan, Tsuen Wan, Wan Chai and Yau Ma Tei.

For private buildings in non-designated areas that fall within the range of 60 to 69, the thresholds will be reduced from 80% to 70%.

For buildings aged 70 or above, regardless of their location, the thresholds will be 65%.

In addition, buildings with no connecting staircases will be allowed to merge to facilitate joint redevelopment of adjoining lots.

The bill also aims to shorten the legal process of redevelopment applications and  allow minority owners a period of not more than six months after the compulsory sale, to allow more time for them to arrange relocation.

The bill will be gazetted on 22 December and introduced into LegCo for the first reading on 10 January 2024.