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Hong Kong Hong Kong likely to cut 'seven-year-old' compensation for redevelopment
Hong Kong likely to cut 'seven-year-old' compensation for redevelopment

Hong Kong's Development Bureau says the current compensation rate for property acquisitions, based on the value of a seven-year-old flat in the same district, will likely not remain at its current generous level. The Urban Renewal Authority also finds the mechanism unsustainable, as it hinders priva

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