Urban Renewal
Sham Shui Po is an area where urban decay is serious in Hong Kong. The government is carrying out urban renewal projects.
In July 2003 the Hong Kong Housing Society (HKHS) announced that its first urban renewal project would be to improve the living environment at Po On Road/Wai Wai Road in Sham Shui Po. Covering an area of 2,436 square metres and affecting approximately 500 households, this project will provide 330 residential flats, and some retail units. Government, institutional and community facilities will also be erected for the community. This development will require the HKHS to acquire about 157 properties, costing an estimated HK$240 million. The total development cost of the project is about HK$720 million.
Read more about this topic: Sham Shui Po
Famous quotes related to urban renewal:
“I have misplaced the Van Allen belt
the sewers and the drainage,
the urban renewal and the suburban centers.
I have forgotten the names of the literary critics.”
—Anne Sexton (1928–1974)