Press Releases
Year 2018
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31 Dec 2018
URA’s “Starter Homes” Pilot Project Units - “eResidence” open for application starting 3 January
The “Starter Homes” (SH) Pilot Project of the Urban Renewal Authority (URA), named “eResidence” and comprising a total of 450 SH units, is open to eligible persons for application starting from 3 January 2019. Application will be closed at 7pm on 23 January 2019. In accordance with the Residential Properties (First-hand Sales) Ordinance, the URA today (31 December 2018) uploaded the sales brochure and price list for the SH Pilot Project units to the eResidence’s website (www.eresidence.hk) and the Sales of First-hand Residential Properties Electronic Platform (www.srpe.gov.hk). The Board of the URA approved in July 2018 to accept an invitation from the Chief Executive to assign 450 residential units in Ma Tau Wai Road/Chun Tin Street Project for sale as SH, with a view to helping
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28 Dec 2018
The URA welcomes appointment of Ben Lui Sau-shun as Executive Director
The Urban Renewal Authority (URA) today (Friday) welcomes the government’s appointment of a veteran engineer Mr Ben Lui Sau-shun as Executive Director of the URA, who will succeed Mr Pius Cheng Kai-wah upon his retirement at the end of this month. The appointment will take effect on 1 January 2019 for a term of three years. The Chairman of the URA, Mr Victor So Hing-woh, said, “Mr Lui possesses immense knowledge and experience in implementing development projects and facilities management, especially in promoting the application of sustainable building design in projects. Urban regeneration is indeed an important task with huge responsibility. On behalf of the URA Board, I look forward to having Mr Lui working closely with senior management and staff members of the URA in fostering
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7 Dec 2018
Light Show at Central Market brings festivity and vitality to the community
To create a community with local characteristics and increased vibrancy, the Urban Renewal Authority (URA) will perform its debut projection art mapping show entitled “Snowing Market Light Show@CONET” on the facade of the Central Market from today (7 December 2018) until 5 January 2019, bringing festivity to town during Christmas and New Year holidays through multimedia displays of the architectural features of the Central Market and Hong Kong cityscapes. Co-organised by the URA and the Central and Western District Council, an opening ceremony was held last night (6 December) with Chairman of the URA, Mr Victor So Hing-woh; Chairman of the Central & Western District Council, Mr Yip Wing-shing; Vice-chairman of the Central and Western District Council, Chan Hok-fung and URA Board Member
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26 Nov 2018
URA to issue acquisition offers to Oak Street/Ivy Street project
The Urban Renewal Authority (URA) will soon issue acquisition offers to property owners affected by the Oak Street/Ivy Street Development Project (Oak Street Project) in Tai Kok Tsui. Eligible owner-occupiers of domestic properties of the Oak Street Project will be offered $18,023 per square foot of saleable area which is the unit rate of a notional replacement flat of seven years old situated in the same locality (“Notional Unit Rate”). The Notional Unit Rate is approved by the Land, Rehousing and Compensation Committee (LRCC) of the URA Board today (Monday). In line with the established mechanism, the URA appointed seven independent consultancy firms by open ballot to assess the Notional Unit Rate for the Oak Street Project. The whole process is transparent and open. The URA’s p
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23 Nov 2018
URA’s Oak Street/Ivy Street project: Authorisation by the Secretary for Development
The Secretary for Development (SDEV) has authorised the Urban Renewal Authority (URA) to proceed with the Oak Street/Ivy Street redevelopment project in Tai Kok Tsui, which is published in the Gazette today (Friday). Commenced earlier on 16 March, the project was implemented by way of a development project in accordance with the Urban Renewal Authority Ordinance (URAO), and had received no objection during the following two-month publication period. On 15 August 2018, the URA had submitted, according to the URAO, the project as well as URA’s assessment on the likely effect of the project to SDEV for consideration. The project occupies a gross site area of about 820 square metres, covering seven street numbers of buildings completed between 1963 and 1977. To tie in with the work of
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22 Nov 2018
URA publishes tender amounts of unsuccessful submissions for Castle Peak Road/Un Chau Street Development Project
The Urban Renewal Authority (URA) today (Thursday) published on an anonymous basis the tender amounts offered by the unsuccessful but conforming tenderers in the tender for the Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po. The URA commenced the tender exercise of the Project earlier and a total of 17 tenders were received when the tender closed on 5 October 2018. After careful deliberation by the URA Board, the URA awarded the tender of the Project to Avion Investment Limited, a wholly-owned subsidiary of Henderson Land Development Company Limited, on 23 October 2018. In addition to publishing the name of the successful tenderer and its holding company upon the award of the tender through a press release, the URA also disclosed at the same time the
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23 Oct 2018
Henderson Land Development Company Limited wins development contract of URA’s Castle Peak Road/Un Chau Street Development Project
The Urban Renewal Authority (URA) today (Tuesday) announced that the contract for the development of Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po has been awarded to Avion Investment Limited, a wholly-owned subsidiary of Henderson Land Development Company Limited. The tender amount offered by Avion Investment Limited is HK$1,368.2 million, which is the highest among the tender submissions received by the URA for this project. The URA earlier invited 37 property developers to submit tenders for the Project following an expression of interest exercise. The URA received a total of 17 tenders from these 37 property developers when the submission of tender closed on 5 October 2018. After careful deliberation, the URA Board considered that the tender
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10 Oct 2018
URA supports Government’s initiatives to enhance safety condition of aged lifts and to facilitate redevelopment of buildings under the Civil Servants’ Co-operative Building Society Scheme
In response to the announcement made by the Chief Executive in the 2018 Policy Address today (Wednesday) on the launch of the “Lift Modernisation Subsidy Scheme” (LIMSS) for aged lifts, and the initiative to establish a mechanism to facilitate the redevelopment of buildings under the Civil Servants’ Co-operative Building Society Scheme (CBS), a spokesman for the Urban Renewal Authority (URA) said the URA welcomes the Government’s new initiatives with full support. Relevant implementation framework and details will be devised and submitted to the URA Board for deliberation and approval. Making reference to the “Operation Building Bright 2.0 Scheme” and “Fire Safety Improvement Works Subsidy Scheme”, both being implemented by the URA in partnership with the Government, the LIMSS will ass
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5 Oct 2018
17 tenders received for development of URA’s Castle Peak Road/Un Chau Street Development Project
The Urban Renewal Authority (URA) received a total of 17 tenders for the Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po when the invitation for submission of tender closed today (Friday). A tender review panel (TRP) under the URA Board will consider the tenders received and make recommendation to the URA Board for its decision on the award of the development of the Project. The URA earlier invited interested developers to submit Expressions of Interest for the Project. After careful consideration of the Expressions of Interest received, the TRP invited 37 property developers to submit tender. The Project, which covers a site area of about 1,650 square metres, was commenced in February 2014. Upon completion, the new development will provide a ma
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7 Sep 2018
URA issues special offers to occupiers of unauthorised building structures in Kwun Tong Town Centre Project
In consideration of the special circumstances of the unauthorised building structures (UBTs) on the private land in Development Area 5 of the Kwun Tong Town Centre Project (the Project), the Urban Renewal Authority (URA) today (Friday) introduced to the Kwun Tong Development and Renewal Task Force of Kwun Tong District Council the special offer package (the Package) formulated for the UBT occupiers. The URA will issue offer letters and the related documents to the registered addresses of the UBT occupiers by registered post shortly. The URA has all along been adopting the established acquisition and rehousing policies in determining the acquisition offers to properties with a registered title, which are based on the market value of the properties concerned plus an appropriate allowance