he property as private property rights in Hong Kong, but also because of the recent redev
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elopment of Sai Yee Street, Mong Kok, the demolition of conflict arise, and this case is likely to "Property Law" through the mainland of China after the commercial tcheap north face
ransformation of the field will face the problems have been warning .
Differences bediscount north face
tween the interests of tenants and tenants
This year in March, the Hong Kong Special Administrative Region Urban Renewal Authority ("URA") thnorth face sale
at will be redeveloped Sai Yee Street (also known as Shoes Street), the Council and proposed the construction of an approximately 30,000 square feet of the "Sports City "shopping malls, specialized in selling sports shoes and sports apparel, but was a lotthe north face outlet
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of Sneaker Street merchants objected that the form of street stalls should continue to operate to retain the characteristics of street shoes.
Considering the high amount of compensation Sneaker Street ground floor, the URA in the past of the "rehabilitation" instead of "reconstruction", but in the end because of technically difficult to "pull down under the protection" to maintain reconstruction decisions. The entire redevelopment project involves 170 titles, including the economic boom in Hong Kong in 2006, the rental increase, just the acquisition of commercial rent per square foot is expected to reach 2 million to 5 million, the entire redevelopment project is expected to URA loss of million from 300 million to 900 million Hong Kong dollars.
However, in order to take care of the interests of a number of ground floor shops, the URA plans to begin a brainstorming session was held prior to study how to optimize the reconstruction program and seek other business proposed to re-open for business advice.
However, this plan faces a collective endorse upstairs and downstairs tenants street, the collective opposition factions to form a distinct attitude. Consideration in the reconstruction of the URA to discuss the meeting began, Sai Yee Street, household representatives and business representatives of demonstrators outside the building. Households on behalf of that 50-year-old buildings, the structure has problems, the elderly are also very difficult on and off, hoping that the URA at the end of the redevelopment plan.
The business representatives said that instead of re-building should be restored to preserve the characteristics of Sneaker Street. Behalf of the Merchant that the meeting re-set the premise, so that they did not speak of space. Not rule out taking legal action to seek judicial review. Merchants formed "K28 Shoes Street Concern Group" and has repeatedly reaffirmed that seek to uphold the reset will not accept proposals and compensation package Sneaker Street.
Interests of owners and tenants are required to support
Area under the Lands Resumption Ordinance of Hong Kong, the demolition, including owners and tenants, you can get appropriate compensation. These include: First, the recovery of compensation for land and housing (the date of resumption of land under the open market value).
Second, easements and the right to compensation for temporary occupation (due to compensation for termination of easement at the time of resumption of land compensation for the value of the easement, the right to compensation for temporary occupation by occupation during the calculation of the open market rent.)