A LegCo subcommittee has been formed to consider the Land (Compulsory Sale for Redevelopment) (Specification of Lower Percentage) Notice. It is proposed that the application threshold to be lowered from 90% to 80% for the following three classes of land lot–
(a) a lot with units each of which accounts for more than 10% of the undivided shares in the lot;
(b) a lot with all buildings aged 50 years or above; and
(c) a lot with all industrial buildings aged 30 years or above not located within an industrial zone.
As one of the members of the subcommittee, I recently received a letter from Soundwill Holding Limited, reflecting their concern on the proposal. The letter is uploaded and I welcome your views on the issue. Read the letter
