Proposed LSPS Scheme Overview

The proposed LSPS (Land Sharing Pilot Scheme) aims to unlock development potential on private land, expediting both public and private housing supplies. It fully complies with the criteria outlined in the LSO's June 2020 Guidance Note on LSPS applications, covering both planning and land administration contexts. The proponent is committed to implementing the proposal according to these guidelines.

The scheme optimizes scarce land resources on an island site within a developed area for comprehensive development. It maximizes land utilization through mixed land uses, while ensuring the preservation of historic buildings on-site. Additionally, it addresses community needs by providing a much-needed social welfare facility (RCHE) and creating accessible open spaces for future residents.

This development responds to evolving planning circumstances, striking a balance between increasing housing land supply, conservation efforts, and the provision of social welfare facilities and open space. It is presented as a 'win-win-win' situation and a positive precedent for housing development in existing developed areas.

Overall, the proposal adheres to the LSPS assessment principles, which include Public Interest, Planning and Technical Considerations, Cost Effectiveness, and Time Factor. Given the significant public demand for housing, the Development Bureau is urged to give favorable consideration to this application.