THE Land Development Corp (LDC) has acquired all affected properties in Bulkeley Street, Hunghom, to make way for a commercial-residential redevelopment. An LDC spokesman said the last of the 10 property owners had accepted the corporation's offer and demolition work was expected to begin on the 4,327 sq ft site in the middle of next year. There are 40 families living in the six five-storey buildings on the site. The spokesman said 27 families had elected to receive cash compensation and six households had opted for flats in the LDC's rehousing blocks in Lai Chi Kok Road and Soy Street. She said arrangements for the remaining seven families were being processed. The Bulkeley Street project is a small development which will provide about 32,453 sq ft of commercial and residential floor space. The LDC expects construction of the commercial-residential block to start at the end of next year and take about two years to complete. Acquisition of properties in the street started in January last year. The LDC is acquiring properties in Queen Street, Argyle Street, Kwong Yung Street and Gillies Avenue for other proposed urban renewal projects. Last week it received seven tenders from developers for the proposed redevelopment of properties in and around Tai Yuen Street, Wan Chai. The spokesman said property owners were more willing to accept the LDC's acquisition offers because of better public understanding of urban renewal developments. There were still instances where some properties selected for redevelopment could not be acquired due to multi-ownership, absentee landlords or refusal of owners to sell their units, she said. 'In such cases, projects can be delayed,' she said. 'The corporation has no alternative but to apply to the Government for the use of the Crown Land Resumption Ordinance.'