❓ Hon Alanna Clohesy questions the Minister for Planning regarding the profit-sharing agreement for residential apartment sales at Elizabeth Quay, specifically concerning the state's revenue, and the Housing Authority's purchase of 38 apartments. The Minister provides limited details, citing confidentiality and ongoing considerations.
AnsweredQoN 201Legislative Council
QuestionView source ↗
ELIZABETH QUAY — RESIDENTIAL APARTMENT
SALES
201. Hon ALANNA CLOHESY to the minister
representing the Minister for Planning:
I refer to the profit-sharing
agreement with the developers of lots 9 and 10 at Elizabeth Quay referred to by
the Minister for Planning during Metropolitan Redevelopment Authority estimates
hearing on 22 May 2014.
(1) What
percentage of the sale price of each residential apartment will the state
receive as part of this profit-sharing agreement?
(2) Has the state
received any proceeds from the sale of residential apartments; and, if so, what
is the total amount of proceeds received thus far?
(3) Will the
profit-sharing agreement apply to the 38 apartments to be purchased by the
Housing Authority?
(4) Did the decision to purchase the
38 apartments originate from the MRA?
(5) If no to (4),
on what date was the MRA advised by the Housing Authority that it intended to
purchase the 38 apartments? '
SALES
201. Hon ALANNA CLOHESY to the minister
representing the Minister for Planning:
I refer to the profit-sharing
agreement with the developers of lots 9 and 10 at Elizabeth Quay referred to by
the Minister for Planning during Metropolitan Redevelopment Authority estimates
hearing on 22 May 2014.
(1) What
percentage of the sale price of each residential apartment will the state
receive as part of this profit-sharing agreement?
(2) Has the state
received any proceeds from the sale of residential apartments; and, if so, what
is the total amount of proceeds received thus far?
(3) Will the
profit-sharing agreement apply to the 38 apartments to be purchased by the
Housing Authority?
(4) Did the decision to purchase the
38 apartments originate from the MRA?
(5) If no to (4),
on what date was the MRA advised by the Housing Authority that it intended to
purchase the 38 apartments? '
AnswerView source ↗
I thank the member for some notice
of this question.
(1) Government
will receive a percentage of sales revenue above a certain threshold upon
practical completion of the development.
(2) No. Refer to answer (1).
(3) No.
(4)–(5) Consistent
with the objectives of the state government affordable housing strategy, the
minister is aware that a proposal has been put to the Housing Authority for
consideration to purchase 38 units at construction cost to be used for
affordable housing.
of this question.
(1) Government
will receive a percentage of sales revenue above a certain threshold upon
practical completion of the development.
(2) No. Refer to answer (1).
(3) No.
(4)–(5) Consistent
with the objectives of the state government affordable housing strategy, the
minister is aware that a proposal has been put to the Housing Authority for
consideration to purchase 38 units at construction cost to be used for
affordable housing.
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