Clause 10

by deleting the words “, subject to subsections (2), (3) and (4),” in subsection (1);

by deleting paragraph (a) of subsection (1) and substituting the following paragraph:“(a)where the date of acquisition of the land is on or after 12th February 2007, the market value of the acquired land —

as at the date of the publication of the notification under section 3(1) if the notification is, within 6 months from the date of its publication, followed by a declaration made under section 5 in respect of the same land or part thereof; or

as at the date of the publication of the declaration made under section 5, in any other case;”;

by deleting subsections (2), (3) and (4);

by deleting paragraphs (a), (c) and (f) of subsection (5);

by deleting the words “be expected to pay for the land on the basis of its existing use or in anticipation of the continued use of the land for the purpose designated in the Development Baseline referred to in section 36 of the Planning Act 1998, whichever is the lower, after taking into account the zoning and density requirements and any other restrictions imposed under the Planning Act 1998” in the 3rd to 10th lines of subsection (5)(e) and substituting the words “be willing to pay, after taking into account the zoning and density requirements and any other restrictions imposed by or under the Planning Act (Cap. 232) as at the date of acquisition”; and

by deleting the words “more intensive use; and” in the last line of subsection (5)(e) and substituting the words “use more intensive than that permitted by or under the Planning Act as at the date of acquisition.”.