Press Releases
Year 2015
-
26 Oct 2015
URA’s Ash Street demand-led redevelopment project attains 86.58% acceptance rate
Property owners representing 86.58 percent of the undivided shares of the Ash Street demand-led redevelopment project in Tai Kok Tsui have signed agreements to sell their properties to the Urban Renewal Authority (URA) within the 75-day conditional offer period expiring today (Monday). This demand-led project at Nos. 5 - 13 Ash Street (odd number) was commenced in May 2015. It is the fourth and last demand-led redevelopment project in the third round of the pilot scheme. Conditional acquisition offers were issued to property owners in the project on 10 August 2015. After the granting of authorisation by the Secretary for Development to proceed with the project, and subject to no appeal or dismissal of all appeals 30 days after the publication of the authorisation, the URA will complete
-
7 Oct 2015
22 Expressions of Interest received for Development of Hai Tan Street Demand-led Project in Sham Shui Po
The Urban Renewal Authority (URA) received a total of 22 Expressions of Interest for the development of the Nos. 205 - 211A Hai Tan Street demand-led redevelopment project in Sham Shui Po when the invitation for submission closed today (Wednesday). A tender review panel under the URA Board will shortlist qualified developers and invite them to submit tenders for the development project soon. The project site covers an area of about 423 square metres. Upon completion, it is planned to provide about 69 residential units with a total residential gross floor area of about 3,170 square metres and 396 square metres of commercial gross floor area. (ENDS)
-
23 Sep 2015
Invitation for Expressions of Interest for Development of Hai Tan Street demand-led project in Sham Shui Po
The Urban Renewal Authority (URA) will invite interested developers to submit Expressions of Interest for the development of the Nos. 205 - 211A Hai Tan Street demand-led redevelopment project in Sham Shui Po tomorrow (Thursday). The project is one of the demand-led redevelopment projects under the first round of the pilot scheme and the site covers an area of about 423 square metres. Upon completion, it is planned to provide about 69 residential units with a total residential gross floor area of about 3,170 square metres and 396 square metres of commercial gross floor area. Developers interested in the development are requested to substantiate their development experience and financial capability to undertake the development in accordance with the requirements and criteria set by the U
-
22 Sep 2015
Lai Sun Development Company Limited wins development contract of URA’s Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Tuesday) announced that Kingland Century Limited, a wholly-owned subsidiary of Lai Sun Development Company Limited, has won the contract for the development of Sai Wan Ho Street Project in Shau Kei Wan. The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of 16 tender offers when the tender closed. After careful deliberation, the URA Board considered that the tender offer made by Lai Sun Development Company Limited has met the tender requirements of the project and thus decided to award the development contract to Lai Sun Development Company Limited. A spokesman for the URA said the Authority was pleased to have the opportunity to implement the Sai Wan Ho Street Projec
-
9 Sep 2015
77 applications received for 4th round of demand-led redevelopment project (pilot scheme)
The Urban Renewal Authority (URA) announced that 77 applications have been received for the fourth round of the demand-led redevelopment project (pilot scheme) by 5 pm today (Wednesday). A spokesman for the URA said: "The demand-led redevelopment project (pilot scheme) has been well received among property owners since its launch in 2011. Drawing on the experience from the last three rounds, the URA has made revisions to the pilot scheme in order to enhance the success rate of the scheme and the planning gain to the community. While the level of interest in the fourth around of application matches our expectation, the URA hopes to continue to improve the living environment of people living in old districts through a diverse approach." All applications will go through a stringent screeni
-
8 Sep 2015
16 Tenders Received for URA’s Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Tuesday) announced that a total of 16 tender offers have been received for the Sai Wan Ho Street Project in Shau Kei Wan. 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. Earlier, the URA invited 38 property developers to tender for the project after their submissions of expression of interest. The project site covers an area of about 710 square metres. Upon completion, it is planned to provide about 120 residential units with a total residential gross floor area of about 5,360 square metres and 600 square metres of commercial gross floor area. (ENDS)
-
5 Aug 2015
Property acquisition for Ash Street demand-led redevelopment project to start soon
The Urban Renewal Authority (URA) will soon issue conditional acquisition offers to property owners affected by the Ash Street demand-led redevelopment project in Tai Kok Tsui following its commencement in May 2015. It is the fourth and last demand-led redevelopment project in the third round pilot scheme. Eligible owner-occupiers of domestic properties of Nos. 5-13 Ash Street (odd number) will be offered $13,614 per square foot of saleable area which is equivalent to the unit rate of a notional replacement flat of seven-year-old situated in similar locality and of similar size. The conditional offers for the project were deliberated and approved by the Land, Rehousing and Compensation Committee of the URA Board today (Wednesday). Letters setting out details of the conditional off
-
3 Aug 2015
Invitation to Tender for Development of Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Monday) invited a total of 38 property developers to tender for the development of Sai Wan Ho Street Project in Shau Kei Wan. Following the expression of interest exercise closed on 8 July 2015, a tender review panel under the URA Board has decided to invite 38 qualified property developers to tender for the project (full list below), after taking into consideration their experience and financial strength to undertake the development in accordance with the requirements and criteria set by the Authority. All tender submissions should reach the URA Headquarters at 26/F, COSCO Tower, 183 Queen's Road Central, by 12:00 noon on Tuesday, 8 September 2015. The project site covers an area of about 710 square metres. Upon completion, it is planned to pro
-
28 Jul 2015
Sun Hung Kai Properties Limited win development contract of URA’s Pak Tai Street/San Shan Road Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Tuesday) announced that Top Deluxe (H.K.) Limited, a wholly-owned subsidiary of Sun Hung Kai Properties Limited, has won the contract for the development of Pak Tai Street/San Shan Road Project in Ma Tau Kok. The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of 20 tender offers when the tender closed. After careful deliberation, the URA Board considered that the tender offer made by Sun Hung Kai Properties Limited has met the tender requirements of the project and its offer is beneficial to the Authority, and thus decided to award the development contract to Sun Hung Kai Properties Limited. A spokesman for the URA said the Authority was pleased to have the opportuni
-
17 Jul 2015
URA’s Hang On Street Demand-led Redevelopment Project: Authorisation by the Secretary for Development
The Secretary for Development (SDEV) has authorised the Urban Renewal Authority (URA) to proceed with a demand-led redevelopment project at Nos. 12 - 30 Hang On Street (even number) in Kwun Tong, which was published in the Gazette today (Friday). The project was implemented by way of a development project in accordance with the URAO. The project was commenced on 7 November 2014, followed by a two-month publication period, during which written objections were received. The URA had deliberated on the objections and submitted the project to SDEV for consideration on 30 March 2015 in accordance with the URAO. Pursuant to the URAO, any objector to the project who is aggrieved by the decision of SDEV may appeal on or before 17 August 2015 by lodging a notice of appeal with the Secretary to th