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Artificial island study set

The Government today awarded a consultancy agreement for the study on the artificial islands in the Central Waters to Ove Arup & Partners Hong Kong with a contract value of about $220 million.   The Civil Engineering & Development Department said the agreement mainly comprises a detailed planning and engineering study for the 1,000-hectare artificial islands around Kau Yi Chau.   There will also be a feasibility study on the priority road link and the priority rail link connecting the artificial islands.   The study is scheduled to start tomorrow for completion within 42 months.   The artificial islands in the Central Waters is one of the initiatives to increase land supply under the Lantau Tomorrow Vision announced by the Chief Executive in her 2018 Policy Address.   The drive aims to alleviate the acute shortage of land in the medium-to-long run, and to meet Hong Kong’s long-term housing, social and economic development needs. http://dlvr.it/S1lyqs

Rents for new public housing flats set

The Housing Authority today said rents for 10,445 flats of nine blocks at a new public rental housing estate and two existing ones, to be completed between July and December, have been set at the best rent levels in their respective districts.   The best monthly rent in the urban district, at $93.8 per sq m, will apply to 1,040 flats in Hoi Shing House of Hoi Tat Estate.   The best monthly rent in Kwai Chung District, at $90.7 per sq m, will apply to 540 flats in Heng King House of Lai King Estate.   Fanling District's best monthly rent of $66.5 per sq m will apply to 8,865 flats in seven blocks of Queen’s Hill Estate.   Under this rent-fixing exercise, the rent for more than 91.6% of the flats are below $2,500 per month.   The authority noted that the rents are heavily subsidised and are inclusive of rates, management fees and maintenance costs.   Those who are allocated new flats but cannot afford the rents may request refurbished flats at lower rents or apply for assistance under the Rent Assistance Scheme, it added.
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