Kim Shin Lane, a lane join between two long row of buildings, accompany with scramble of cables, antenna, awning and clothes, composing a rare urban landscape contrast amongst all the newly developed high-rise. These buildings are build in the 50s where the thick of construction period after the postwar. Most of its now are beyond repair! Despite the poor conditions, there's certainly still full of live when I was there.
The sad thing I found is that under current regulations, URA (Urban Redevelopment Authority) is obliged to compensate each owner for letting go their flat with an amount equivalent to a seven-year-old flat. Since Kim Shin Lane is a high-density project with around 1,000 flats, the amount of compensation for the reconstruction might looking at the loss of 3 to 4 billion HKD. Will the hope of redevelopment becoming a forever lasting project? What happen to those who live under?
The sad thing I found is that under current regulations, URA (Urban Redevelopment Authority) is obliged to compensate each owner for letting go their flat with an amount equivalent to a seven-year-old flat. Since Kim Shin Lane is a high-density project with around 1,000 flats, the amount of compensation for the reconstruction might looking at the loss of 3 to 4 billion HKD. Will the hope of redevelopment becoming a forever lasting project? What happen to those who live under?
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