Press Releases
Year 2012
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18 Apr 2012
Tender closes for Development of Site B of Peel Street/Graham Street Project in Central
The Urban Renewal Authority (URA) today (Wednesday) announced that a total of eight tender offers have been received for the development of Site B of Peel Street / Graham Street project in Central. A tender review panel will consider the tenders received and make recommendation to the URA Board for a decision on the award of a development agreement in respect of this project. Earlier, the URA invited expressions of interest from developers and had asked 18 developers to submit a tender for the development. The Peel Street / Graham Street project comprises a total of three sites known as Site A, Site B and Site C for phased implementation. The first phase, Site B, is bounded by Peel Street, Gage Street and Graham Street covering a site area of about 1,690 square metres. It is planned
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12 Apr 2012
Invitation for Expression of Interest for Development of Pak Tai Street/Mok Cheong Street Project in Ma Tau Kok
The Urban Renewal Authority (URA) tomorrow (Friday) will invite interested parties to submit Expressions of Interest for the development of Pak Tai Street/Mok Cheong Street Project in Ma Tau Kok. The Pak Tai Street/Mok Cheong Street project covers a total area of about 770 square metres. The site is presently occupied by five buildings that were all built in the 1950's and are in a generally dilapidated condition. There are also unauthorized structures and the buildings are mostly served by staircases without lift facilities. The project upon completion is planned to deliver a total gross floor area of about 6,940 square metres for an estimated total of 92 residential units, together with the provision of commercial space of about 1,150 square metres. The URA intends to provide about
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2 Apr 2012
URA encourages students’ creation and community art performance for better understanding of the renewal of old districts
The prize presentation ceremony of the "Old District Discovery" Video Competition cum the Community Drama Competition organised by the Urban Renewal Authority (URA) was successfully held at the Youth Square in Chai Wan on 30 March 2012. "These two activities aim to enhance the understanding of the younger generation and the community about the renewal of old districts through film art and performing art," said a spokesperson for the URA. With the theme of "Old District Discovery", the video competition held between October 2011 and February 2012 has received overwhelming response. Nearly 30 secondary schools participated to compete for the champion, first runner-up, second runner-up, and the awards of the Best Screenplay, Best Cinematography, Best Film Editing, Most Creative Video and M
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30 Mar 2012
Integrated Building Maintenance Assistance Scheme to relax rateable value limits for applications
The Urban Renewal Authority (URA) and the Hong Kong Housing Society (HKHS) announced that with effect from 1 April 2012, the rateable value limits for the application of the Integrated Building Maintenance Assistance Scheme (IBMAS) will be revised to benefit more property owners. As a result of the adjustment, the average rateable value limit of residential units in urban areas (including Tsuen Wan, Kwai Tsing and Shatin) will be lifted from $100,000 to $120,000, while the ceiling for properties in the New Territories will be increased from $76,000 to $92,000. This will result in a potential increase of close to 1,000 buildings becoming eligible for applying for assistance under the IBMAS. The IBMAS was launched by the URA and HKHS in April 2011 to consolidate the financial assistance
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9 Mar 2012
Invitation to tender for development of Site B of Peel Street/Graham Street Project in Central
The Urban Renewal Authority (URA) today (Friday) invited a total of 18 property developers to tender for the development of Site B at Peel Street / Graham Street project in Central. The project comprises a total of three sites known as Site A, Site B and Site C for phased implementation. The first phase, Site B, is bounded by Peel Street, Gage Street and Graham Street covering a site area of about 1,690 square metres. It is planned that Site B will provide a maximum gross floor area of about 17,790 square metres for residential and commercial purposes, together with the provision of public open space. Following the expression of interest exercise which was closed on 3 February 2012, a tender review panel under the URA Board has decided to invite 18 interested property developers for ten
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27 Feb 2012
Chevalier International Holdings Limited and Golden Code Development Limited win URA Project at Chi Kiang Street/Ha Heung Road in To Kwa Wan
The Urban Renewal Authority (URA) today (Monday) announced that a consortium consisting of Chevalier International Holdings Limited and Golden Code Development Limited has won the contract for the development project at Chi Kiang Street / Ha Heung Road in To Kwa Wan by public tender. The project site is about 930 square metres and upon completion is expected to deliver a total gross floor area of about 8,380 square metres for an estimated total of 116 residential units, together with the provision of commercial space of about 1,400 square metres. The URA plans to provide about 50% of the total number of residential units in this project with a saleable area of about 46.5 square metres, i.e. about 500 square feet. The consortium is one of the 10 tender submissions received for the above
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27 Feb 2012
URA unveils pricing mechanism for Flat-for-Flat pilot scheme and the modest design concept for Kai Tak flats
The Urban Renewal Authority (URA) today (Monday) issued offer letters to all property owners of the Pak Tai Street/San Shan Road project in Ma Tau Kok for acquiring their property interests. Domestic owner-occupiers will receive information about the Flat-for-Flat (FFF) pilot scheme for a new flat "in-situ" in the new development and in the Kai Tak development at the same time. They are the first batch of owner-occupiers benefiting from the FFF arrangement since the new Urban Renewal Strategy (URS) was promulgated on 24 February 2011. The project was commenced by the Authority on 25 March 2011. Earlier this month, the URA announced that eligible owner-occupiers of domestic properties affected by its Pak Tai Street/San Shan Road redevelopment project would be offered $8,939 per square
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15 Feb 2012
Tender closes for Chi Kiang Street/Ha Heung Road project in To Kwa Wan
The Urban Renewal Authority (URA) today (Wednesday) announced that a total of 10 tender offers have been received for the development of the Chi Kiang Street / Ha Heung Road project in To Kwa Wan. A tender review panel will consider the tenders received and shortly make recommendation to the URA Board for a decision on the award of a development agreement in respect of this project. Earlier, the URA received 17 submissions expressing an interest in the development of the project; all of them were invited to submit a tender for the development. The project site is about 930 square metres and upon completion is expected to deliver a total gross floor area of about 8,380 square metres for an estimated total of 116 residential units, together with the provision of commercial space of about
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14 Feb 2012
Property acquisition for Pak Tai Street/San Shan Road project to start soon
The Urban Renewal Authority (URA) today (Tuesday) announced that it would soon make acquisition offers to owners of the Pak Tai Street/San Shan Road project in Ma Tau Kok. Eligible owner-occupiers of domestic properties affected by the project would be offered $8,939 per square foot of saleable area, which is the market value of a notional seven-year-old flat. The acquisition offer for the project was endorsed by the Land, Rehousing and Compensation Committee of the URA after careful deliberations. The Pak Tai Street/San Shan Road project is implemented in accordance with the new Urban Renewal Strategy (URS) which includes the flat-for-flat (FFF) option as an alternative to cash compensation to the domestic owner-occupiers subsequent to the project authorisation. Owners can consider ta
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10 Feb 2012
URA commences a new redevelopment project in Yau Tsim Mong District
The statutory planning procedures for a new redevelopment project of the Urban Renewal Authority (URA) at Reclamation Street/Shantung Street in Mong Kok commenced today (Friday). This is the 10th redevelopment project being implemented by the URA in Yau Tsim Mong district. At a media briefing this morning, Executive Director (Operations & Project Control) of the URA, Mr Calvin Lam, said the project was undertaken in view of the dilapidated conditions of the majority of the buildings within the project area. While providing synergy of URA's renewal efforts in the district, this project will help some 300 households improve their living environment. "The URA has been contributing to the renewal of the district. Its nine commenced development projects altogether have helped some 3,50