Press Releases
Year 2004
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15 Apr 2004
URA tender closes for Yeung Uk Road project
In response to media enquiries on the tender submissions for the joint development of the Yeung Uk Road project in Tsuen Wan, the Urban Renewal Authority (URA) today (Thursday) issued the following statement: A total of 14 tender offers have been received for the residential/commercial development in Yeung Uk Road, Tsuen Wan. A tender review panel under the URA Board will consider the tenders and make recommendation to the Board for a decision in due course. In an invitation of expression of interest in the project last month, 22 developers expressed interest and 20 of them who were qualified were subsequently invited to place a tender. The 77,824-square foot project site was earmarked by the Government as linked site to facilitate the implementation of the Tsuen Wan Town Centre p
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24 Mar 2004
Invitation to Tender for Johnston Road Project
The Urban Renewal Authority (URA) invited a total of 28 property developers to tender for the joint development of the Johnston Road project in Wan Chai today (Wednesday). The developers have been selected among those who responded to an expression of interest exercise for the project earlier. The project site occupies a prominent location of about 21,200 square feet in Johnston Road at its junction with Ship Street. It is the first site successfully cleared since the URA commenced acquisition work in March 2002 for a series of redevelopment projects. The project is expected to deliver about 190,000 square feet of residential floor area and about 28,000 square feet of commercial retail area upon completion in 2007. Tenderers are requested to submit both the design proposal for the j
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16 Mar 2004
Invitation to Tender for Yeung Uk Road Project
The Urban Renewal Authority (URA) today (Tuesday) invites 20 qualified interested developers to tender for the joint development of the Yeung Uk Road site in Tsuen Wan, subsequent to an expression of interest (EOI) exercise early this month. The project site, occupying an area of about 77,824 square feet, is a residential and commercial development. It was earmarked by the Government as a linked site to facilitate the implementation of the Tsuen Wan Town Centre project, which was commenced by the former Land Development Corporation. An assessment panel under the URA Board decided to invite 20 of the 22 EOI parties for tender in light of their experience and financial strength to undertake the development in accordance with the requirements and criteria set by the Authority. Tender s
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16 Mar 2004
Peaceful completion of shop possession at Sham Shui Po project
The court bailiff office completed the execution of possession orders for two shops at the Fuk Wing Street/Fuk Wa Street redevelopment project of the URA today (Tuesday). A spokesman for the URA said the Authority was grateful that the operation has been completed in a relatively peaceful manner and thankful for the self-restraint exercised by all parties concerned. The URA and the Lands Department will continue to negotiate with the two former shop owners on compensation. The URA and its social service team are also prepared to provide the former owners with assistance on any special needs and other related problems.
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3 Mar 2004
Invitation for Expression of Interest for Yeung Uk Road Project
The Urban Renewal Authority (URA) today (Wednesday) invited property developers to provide an expression of interest (EOI) for the joint development of the Yeung Uk Road project in Tsuen Wan. The project site, occupying an area of about 77,824 square feet, is a residential and commercial development. The site was earmarked by the Government as a linked site to facilitate the implementation of the Tsuen Wan Town Centre project, which was commenced by the former Land Development Corporation. Parties interested in the Yeung Uk Road project are invited to indicate their competence and financial capability to undertake the development in accordance with the requirements and standards set by the Authority. Submission should be returned to the URA Headquarters at 10/F Low Block, Grand Mill
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27 Feb 2004
Invitation for Expression of Interest for Johnston Road Project
The Urban Renewal Authority (URA) today (Friday) invited estate developers to provide an expression of interest (EOI) for the joint development of the Johnston Road project in Wan Chai, the first site successfully cleared since the URA launched its urban renewal programme in March 2002. The project covers a site area of about 21,200 square feet at the junction of Johnston Road and Ship Street, which is a prime location in Wan Chai. It is the first of six project sites for which the URA plans to invite joint venture partnership for development within this year. The project is expected to deliver a commercial podium of about 28,000 square feet and a residential block of about 190,000 square feet floor area upon completion in 2007. The URA's Executive Director of Development and Plan
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20 Jan 2004
URA Wan Chai Office Opens during Lunar New Year
The Urban Renewal Authority (URA)'s neighbourhood office in Wan Chai will remain open during Chinese Lunar New Year to facilitate owners affected by the Lee Tung Street project, whose properties are under acquisition by the URA, to return their letter of acceptance. The Lee Tung Street project in Wan Chai, affecting 647 property interests, is the largest one implemented by the URA so far. Acquisition offers were issued to all the owners on 9 January 2004. "Since then, the Authority has received a number of enquiries from owners who wish to speed up the property transaction process as soon as possible," a spokesman for the URA said. The URA has therefore decided to open the Wan Chai Neighbourhood Centre at G/F Yan Yee Court of 28 Wan Chai Road, during the Chinese New Year between 22
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12 Jan 2004
URA sets milestone in Wan Chai
Regeneration of century-old Wan Chai takes a big step forward today (Monday) as the Urban Renewal Authority (URA) commences demolition work of its first redevelopment project of $917 million worth at Johnston Road. The 22,200-square-foot site at the junction of Johnston Road and Ship Street is the first site successfully cleared since the URA launched its urban renewal programme in March 2002. Today, a group of nostalgic but smiling former residents returned to the site and joined hands with URA officials to perform a ceremony for the demolition of the old buildings to make way for residential and commercial development. But not all the buildings are to be demolished. The URA has decided to preserve five pre-war buildings with special character, including a row of four Cantonese t
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9 Jan 2004
URA issues acquisition offers for Lee Tung Street project
The Urban Renewal Authority (URA) today (Friday) issued offer letters to owners of 647 property interests affected by the Lee Tung Street redevelopment project, which is its largest so far, at a total acquisition cost of about $1.55 billion. Affected owner-occupiers of domestic properties will be offered $4,079 per square foot on a saleable area basis. On average, this is about 2.9 times the open market value of the affected domestic properties which, as a whole, have been valued at $1,414 per square foot. Most of the properties are over 40 years old and in a dilapidated condition. The URA's cash offers are based on the Government's Home Purchase Allowance (HPA) policy that links the level of compensation to the open market value of a notional replacement flat of seven years old. A no
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3 Jan 2004
Drawing competition on urban renewal in Wan Chai
Winners of a drawing competition featuring urban renewal of Wan Chai are awarded for their creativity and talent at a prize presentation ceremony today (Saturday). Over 60 primary and junior secondary students earlier demonstrated their flair in a drawing competition jointly organised by the Urban Renewal Authority (URA) and the Urban Renewal Social Service Team of Methodist Centre to promote public interest in urban renewal. Winning entries of the competition are each awarded with book coupons. Photograph shows Chairperson of the Wan Chai District Advisory Committee of the URA, Mrs Peggy Lam, presenting an award to the 10-year-old champion, Leung Chi Yan.