Press Releases
Year 2015
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14 Jul 2015
20 Tenders Received for URA’s Pak Tai Street/San Shan Road Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Tuesday) announced that a total of 20 tender offers have been received for the Pak Tai Street/San Shan Road Project in Ma Tau Kok. 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 32 property developers to tender for the project after their submissions of expression of interest. The project site covers an area of about 1,087 square metres. Upon completion, it is planned to provide about 160 residential units with a total residential gross floor area of about 8,152 square metres and 1,631 square metres of commercial gross floor area. (ENDS)
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9 Jul 2015
Applications open for 4th round of demand-led redevelopment projects
The Urban Renewal Authority (URA) is inviting applications for the fourth round of projects under its pilot demand-led redevelopment scheme as from today (Thursday) until 9 September 2015. Speaking at a media briefing today, Director (Planning and Design) of the URA, Mr Michael Ma, said: "The demand-led redevelopment model is one of the key initiatives set out in the Urban Renewal Strategy promulgated in 2011, enabling the URA to take a more diverse approach in redevelopment in order to speed up the pace of urban renewal; as well as providing an opportunity for owners to initiate redevelopment of their own properties." In the first three rounds, a total of 11 demand-led redevelopment projects were selected and commenced, among which two were terminated as the requisite 80% owners' ac
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8 Jul 2015
38 Expressions of Interest received for Development of Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) received a total of 38 Expressions of Interest for the development of Sai Wan Ho Street Project in Shau Kei Wan 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 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)
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29 Jun 2015
URA and HKHS: New arrangement for building rehabilitation service
The Urban Renewal Authority (URA) and the Hong Kong Housing Society (HKHS) today (Monday) announced a new arrangement for the Integrated Building Maintenance Assistance Scheme (IBMAS). Beginning from 1 July 2015, the URA will be responsible for receiving and processing all new IBMAS applications in all areas in Hong Kong while the HKHS will continue to follow through the applications already received prior to that day. The IBMAS is a one-stop building rehabilitation service jointly managed by the URA and HKHS since 1 April 2011, providing technical and financial assistance to eligible property owners of private residential/composite buildings. The new arrangement came in response to the 2011 Urban Renewal Strategy which stated that rehabilitation is one of the URA's two core businesses
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25 Jun 2015
Invitation for Expressions of Interest for Development of Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Thursday) invited interested developers to submit Expressions of Interest for the development of Sai Wan Ho Street Project in Shau Kei Wan. 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. 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 URA. All Expressions of Interest should be submitted to the URA Headquarters at 26/F, COSCO Tower, 183 Queen's Road Central, by 5 p.m. on 8 July 2
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16 Jun 2015
Paliburg and Regal Hotels International win development contract of URA’s Anchor Street/Fuk Tsun Street Project in Tai Kok Tsui
The Urban Renewal Authority (URA) today (Tuesday) announced that a consortium, Ultimate Lead Limited, consisting of Paliburg Holdings Limited and Regal Hotels International Holdings Limited, has won the contract for the development of Anchor Street/Fuk Tsun Street Project in Tai Kok Tsui. The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of 10 tender offers when the tender closed. After careful deliberation, the URA Board considered that the tender offer made by the consortium has met the tender requirements of the project and represented the best offer to the Authority, and thus decided to award the development contract to the consortium. A spokesman for the URA said the Authority was pleased to have the
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12 Jun 2015
URA welcomes appointment of Daniel Lam Chun as interim Managing Director
The Urban Renewal Authority (URA) today (Friday) welcomes the Government's appointment of Mr Daniel Lam Chun as Managing Director of the URA for an interim period of 10 months with effect from 15 June 2015. Meanwhile, an open recruitment exercise for the URA Managing Director post has kicked off. The Chairman of the URA, Mr Victor So Hing-woh, said: "Mr Lam has been a non-executive director of the URA Board appointed by the Government since 2008, giving his wise counsel and guidance to the Authority in carrying out its mission over the years. With his wealth of experience and profound knowledge, I am confident that his standing in would be conducive to the smooth operation of the URA." On his appointment as interim Managing Director, Mr Lam, a registered professional building surveyor,
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10 Jun 2015
Invitation to Tender for Development of Pak Tai Street/San Shan Road Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Wednesday) invited a total of 32 property developers to tender for the development of Pak Tai Street/San Shan Road Project in Ma Tau Kok. Following the expression of interest exercise which was closed on 21 May 2015, a tender review panel under the URA Board has decided to invite 32 qualified property developers to tender for the project (full list at annex), 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 5:00 pm on Tuesday, 14 July 2015. The project site covers an area of about 1,087 square metres. Upon completion, i
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9 Jun 2015
URA integrates and enhances building rehabilitation service
The Urban Renewal Authority (URA) today (Tuesday) announced that it would integrate and enhance the Integrated Building Maintenance Assistance Scheme (IBMAS) to tie in with the forthcoming extension of its service area to the whole of Hong Kong, with an aim to benefit more property owners living in unsatisfactory living condition. The IBMAS is a one-stop building rehabilitation service jointly managed by the URA and the Hong Kong Housing Society (HKHS) since 1 April 2011, providing technical and financial assistance to eligible property owners of private residential/composite buildings. With respect to the 2011 Urban Renewal Strategy which stated that rehabilitation is one of the URA's two core businesses, the URA has taken up the role to handle all new IBMAS applications in Kowloon, Kw
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2 Jun 2015
URA’s Anchor Street/Fuk Tsun Street Project in Tai Kok Tsui received 10 tender offers
The Urban Renewal Authority (URA) today (Tuesday) announced that a total of 10 tender offers have been received for the Anchor Street/Fuk Tsun Street Project in Tai Kok Tsui. 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 extended the invitation to tender for the project to Golden Code Development Limited on 8 May 2015 after the tender review panel reconsidered its expression of interest with supplementary information submitted to substantiate its hotel development experience. All invited parties were informed of the arrangement accordingly, and as a result, the URA invited a total number of 21 property developers to tender for the projec