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Letters to the Editor, May 28, 2014
I refer to the report ("Is the URA putting profit before society?" May 23) and it appears obvious that the answer is a resounding "yes".
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I refer to the report ("Is the URA putting profit before society?" May 23) and it appears obvious that the answer is a resounding "yes".
The persisting perception is that the Urban Renewal Authority only acts as a facilitator for the major tycoon developers, who become their joint venture partners.
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The URA gets preferential treatment by government departments, especially Lands (on premiums) and Planning (on plot ratio and building heights), and the Town Planning Board (as rubber stamper).
These benefits are then shared between the URA and the tycoons, and the original owners are ill considered.
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Angela Tang, of the URA, protests that its compensation model is fair ("Flat owners get proper compensation", May 7) but doesn't appreciate, or admit, the overriding unfairness of evicting residents by compulsory purchase, and thereby arbitrarily confiscating their redevelopment rights.
The development tycoons are not interested in small sites, therefore it appears that the URA is also not interested.
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