Page 34 - URA Annual Report 2020-21

OPERATING REVIEW
Projects Commenced in 2020/21
Civil Servant’s Co-operative Building Society (CBS) Project
The URA commenced two pilot CBS projects, namely Shing Tak Street/Ma Tau Chung Road Project (CBS-1:KC) and Kau Pui Lung Road/Chi Kiang Street Project (CBS-2:KC), in May 2020. The Secretary for Development (SDEV) authorised the URA to proceed with CBS-1:KC in February 2021. Appeals were handled and dismissed subsequently and the decision was published in the Gazette on 18 June 2021.
The dissolution of the last Civil Servants’ Cooperative Building Society under Shing Tak Street/Ma Tau Chung Road Development Project completes successfully.
The URA also provided free services to facilitate the dissolution of CBS in CBS-1:KC Project. The only remaining and undissolved CBS in this pilot project has completed its dissolution within one year, a processing time much shorter than usual. The former members of the CBS are being assisted to acquire titles of their properties and then become registered owners so that they can be eligible for URA’s acquisition offers, which are scheduled for issuance soon.
For CBS-2:KC, the planning procedure is underway. Two stages of public consultations were carried out through the
Town Planning Board (TPB) in June and July 2020 respectively. More than 1,200 comments were received by the TPB. Owing to the pandemic and the large number of public comments in varying degrees of complexity, longer time is required to process the comments. The response to Stage 1 public comments prepared by the URA was submitted to the TPB in late December 2020. The URA plans to carry out an engagement exercise with CBS occupiers aiming to solicit their views and provide them with more information after the issuance of acquisition offers for CBS-1:KC. The URA will determine the way forward for CBS-2:KC with consideration to various factors including departmental comments, implementability and engagement results, before making a final submission to the TPB.
The proposed planning of Shantung Street/Thistle Street Project
Building setback at Nelson Street and Thistle Street to improve pavement environment.
Street improvement works at Thistle Street via revitalisation to improve pedestrian walking environment.
30 URA ANNUAL REPORT 2020-21
Shantung Street/Thistle Street Project (YTM-012)
Commenced in October 2020, the project aims to restructure and replan the neighbourhood through redevelopment and to revitalise the surroundings to enhance the liveability and walkability of the community whilst bringing vibrancy to the public spaces in the area. The URA will commence acquisition after the Development Scheme Plan of the project is approved by the Chief Executive in Council.
1
2 3
4 5
Restructure and reprovision part of existing Thistle Street Rest Garden to open up towards Shantung Street/Thistle Street to improve accessibility and visibility.
Additional sunken plaza to connect with the public open space and shops to energise public space.
Provision of not more than 2,850m2 of non-domestic gross floor area for Government, Institute or Community uses to meet community needs.