Government will ensure compliance in the New Development Areas in Kwu Tung North, Fanling North new town extension and Development schedule. in case of meeting certain criteria and conditions to more stringent requirements for handling "conditional lease modification application" (including in-situ land exchange).
The set of criteria include 4 key points:
- confined to sites lying within an area planned for private development in the adopted Kwu Tung North Outline Development Plan and Fanling North Outline Development Plan
- the proposed site to be surrendered (i.e. the Proposed Site) should have an area of not less than 4,000 m2 (which is a reasonable size to achieve a decent development with supporting facilities) and all private lots contained therein should be under the ownership of a single owner or joint venture owners as the applicant
- Private development must be able to ensure timely supply of housing and other facilities. The lease modification/land exchange application (if approved) has to be concluded within a specified time period, the government will initiate land resumption programme for development
- Landowners in proposed lease modification applications should offer the tenants/occupants monetary compensation comparable to that offered by the Government.