Property News · May 10, 2018

Hong Kong makes HK$550 million pledge to better compensate villagers forced to make way for new towns  


The government will spend up to HK$550 million (US$70 million) of taxpayers’ money in the next two decades for more generous rehousing and compensation terms to northern New Territories villagers forced to make way for new town developments.
Secretary for Development Michael Wong Wai-lun said the move was part of the government’s “people-oriented philosophy” and more than 8,000 households would benefit.
For instance, those who opt for the government’s ex gratia…

Source : South China Morning Post
Read more…Hong Kong makes HK0 million pledge to better compensate villagers forced to make way for new towns  

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