CBS Buildings - Submission of Application

• The application form for the Scheme (“Application Form”) can be collected from URFS’s office or downloaded from URFS’s website. There is a quota for the number of projects for CBS Buildings to be handled at any one time. URFS will announce on its website the remaining quota for the projects for CBS Buildings to be processed.
• The owners shall nominate a coordinator (“the Coordinator”) and provide his/her name in the Application Form.
• If the site under application (“the Application Site”) is found to be duplicating with the sites included in other applications under the Scheme, URFS will require the Coordinator(s) of the applications concerned to reply in writing within a specified time as to their choices of which application is considered as the final application to be submitted.
• If owners have submitted an application under the scheme for CBS Building of the Hong Kong Housing Society (“HKHS”) and such application is still being processed, the owners should first withdraw such application prior to submission of an application under the Scheme. After receipt of the application for the Scheme, URFS will check with HKHS whether such application has been withdrawn.
• Owners are required to submit the duly completed and signed Application Forms (“the Applicants”). The Applicants are required to attend relevant owners’ meetings and provide relevant information to URFS.
• In deciding whether to select a particular application for further processing, URFS will check whether the application has fully satisfied the requirements listed below and will take account of other relevant factors ^{Note 1}:。
  • (a) In each application, the Applicants shall own in aggregate not less than the following percentage of undivided shares in each lot of the site under application:
  • If the Application Site consists of one single building and one lot only, not less than 50% of the undivided shares in that lot.
  • If the Application Site consists of only one single building which is situated on 2 or more lots, not less than 50% of the undivided shares in each individual lot in the Application Site.
  • If the Application Site consists of more than one building which is situated on 2 or more lots, not less than 50% of the undivided shares in the relevant lot(s) on which each individual building is situated.
    
  • (b) The majority of the buildings (i.e. buildings on more than 50% of the site area) in the Application Site are not classified as “good” by URA in its Building Conditions Survey.
  • (c) If a District Urban Renewal Forum (“DURF”) has been set up in the district covering the Application Site, the Application Site should be situated within redevelopment zones identified by the DURF or at least not within the preservation areas proposed by the DURF.
  • (d) The Application Site does not form part of the area of a redevelopment project commenced by URA.
  • (e) For CBS Scheme :
    • All the CBS(s) in the Application Site have been dissolved; and
    • All the CBS members have acquired legal titles to their units.
  • (f) For GBHS :
    • A letter of modification to modify the Government lease of the Application Site has been granted to allow transfer of title to individual underlessees; and
    • All the underlessees have acquired legal titles to their units.
• The Coordinator(s) will be notified by URFS in writing of the outcome of the application within about 2 weeks from the date of receipt of the duly completed and signed Application Forms. The selected application will become a facilitation project (“the Facilitation Project”). URFS will state in the notification letter the date of selection of the Facilitation Project (“Project Selection Date”).
• For an application which has been selected as Facilitation Project, URFS will enter into a Facilitation Agreement with each of the Applicants and each of the other owners in the Application Site who participates subsequently (“the Participants”). The Facilitation Agreement will detail the rights and obligations of URFS and of the Participants.
• With the authorization of the Participants, URFS will provide assistance to the Participants whose units are subject to alienation restriction to obtain short term waivers/ approvals from Civil Service Bureau (“the Waiver”) permitting them to enter into sale and purchase agreements or other relevant agreements before payment of the requisite land premium. At the same time, URFS will assist the Participants to apply for removal of the alienation restriction for their units and assessment of the requisite land premium by the Lands Department.

Note1：

Other relevant factors may include the available manpower and financial resources of URFS at the time of application; whether the application has passed the test of financial viability; building conditions; planning considerations; planning gains; property ownership structure and project implementability; etc. In addition, priority will be given to the Application Sites that would be beneficial to the urban renewal process.