Urban Renewal Authority 2018-19 Annual Report

42 OPERATING REVIEW Kwun Tong Town Centre URA’s largest single project to date, the Kwun Tong Town Centre Project, covers a total site area of 5.3 hectares and has affected around 1,300 households. Altogether, the project is expected to produce nearly 2,300 new flats, over 200,000 square metres of commercial space, 31,000 square metres of GIC facilities and over 13,000 square metres of public open space. This complex project is being implemented in phases, with the site divided into five Development Areas. Development Area 1 at Yuet Wah Street was completed in June 2014 and the flats have almost been sold out. Superstructure works for the podium and residential towers in Development Areas 2 and 3 are in progress and sales of residential flats were launched in December 2018. Development Area 4 has been vacated for use as interim GIC facilities to reprovision hawker bazaars, public light bus termini and refuse collection point/public toilet from Development Areas 2 and 3. An interim bus terminus has also been provided on the former Mido Mansion site in Development Area 4. Development Area 5 remains in the acquisition and clearance stage. Special offers for occupiers of the unauthorised structures (UBTs) were issued in September 2018. With the effort of stakeholder engagement, over 85% acceptance was achieved upon the expiry of the offer. Vacant possession had been successfully obtained for 63 UBTs (about 89% of accepted cases) in February 2019 without confrontation. Land resumption for Development Area 5 was gazetted in May 2019. In light of the progress of the clearance, Development Areas 4 and 5 of Kwun Tong Town Centre Project will proceed to the stage of gazettal of proposed road scheme within 2019 and, later on, land grant preparation based on the approved Master Layout Plan (MLP), which was the result of a series of consultations with the Kwun Tong District Council and relevant stakeholders. On the same basis, the detailed design of the development will be further elaborated and developed with a view to realising the key design features and merits as aspired in the approved MLP and for the preparation of the joint venture tender in forthcoming years. Current view of Kwun Tong Town Centre Project. Artist impression of Kwun Tong Town Centre Project after redevelopment.