Press Releases
Year 2022
-
4 Aug 2022
Tender Award for URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) announced today (4 August 2022) that the contract for the development of Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun has been awarded to Mega Source Global Limited, a wholly-owned subsidiary of Far East Consortium International Limited, with a tender amount at HK$1,240 million. The URA earlier invited 34 property developers to submit tenders for the Project following an expression of interest exercise. The URA received a total of nine tenders from these 34 property developers when the submission of tender closed on 11 July 2022. After careful deliberation, the URA Board considered that the tender offer made by Mega Source Global Limited has met the tender requirements of the Project and thus decided to award
-
25 Jul 2022
Invitation for Expressions of Interest for Development of URA’s Wing Kwong Street / Sung On Street Development Project
The Urban Renewal Authority (URA) will invite interested property developers/ consortia to submit Expressions of Interest (EOI) for the development of the Wing Kwong Street / Sung On Street Development Project (the Project) in To Kwa Wan tomorrow (26 July 2022). The Project, which covers a site area of 2,876 square metres, was commenced in June 2018. Upon completion, it is planned to provide a maximum total gross floor area of 25,884 square metres. The successful property developer/ consortium will be required to construct the new development in compliance with the requirements of the master design control of To Kwa Wan district in Kowloon City as set out in the development agreement (the Agreement) of the Project to create synergy with adjoining development projects of the URA, all
-
11 Jul 2022
Nine Tenders Received for URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) received a total of nine tenders for the Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun when the invitation for submission of tender closed today (11 July 2022). 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 property developers to submit Expressions of Interest for the Project. After careful consideration of the Expressions of Interest received, the TRP invited 34 property developers to submit tenders. The Project, which covers a site area of 1,077.3 square metres, was commenced in July 2017. Upon completion, it is planned to provide
-
29 Jun 2022
URA Issues Acquisition Offers to Property Owners of To Kwa Wan Road / Wing Kwong Street Development Scheme
The Urban Renewal Authority (URA) today (29 June 2022) issued acquisition offers to property owners affected by the To Kwa Wan Road / Wing Kwong Street Development Scheme (the project) in Kowloon City. Eligible owner-occupiers of domestic properties of the project will be offered $17,798 per square foot of saleable area, which is the unit rate of a seven-year-old notional replacement flat situated in the same locality (“Notional Unit Rate”). The Notional Unit Rate was approved by the Land, Rehousing and Compensation Committee (LRCC) of the URA Board. In line with the established mechanism, the URA appointed seven independent consultancy firms by open ballot to assess the Notional Unit Rate for the project. The Notional Unit Rate was assessed by independent surveyors in June, based on
-
24 Jun 2022
URA’s Kim Shin Lane/ Fuk Wa Street Development Project: Authorisation by the Secretary for Development
The Secretary for Development (SDEV) has authorised the Urban Renewal Authority (URA) to proceed with the Kim Shin Lane/ Fuk Wa Street Development Project (the Project) in Sham Shui Po, which is published in the Gazette today (24 June 2022). Commenced earlier on 24 September 2021, the Project was implemented by way of a development project in accordance with the Urban Renewal Authority Ordinance (URAO). During the following two-month publication period, the URA received submissions of general comments and objections. Upon consideration of the comments and deliberation on the objections, the URA submitted the Project, along with the URA’s deliberations on the objections, to SDEV for consideration on 22 February 2022 in accordance with the URAO. SDEV has duly considered the URA’s submi
-
10 Jun 2022
Invitation to Tender for URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) today (10 June 2022) invites a total of 34 property developers to tender for the development of the Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun. The URA will provide the relevant tender documents to the invited property developers, based on which they can submit tenders for the development. All tender submissions should reach the URA Headquarters at 26/F COSCO Tower, 183 Queen’s Road Central, by 12:00 noon on 11 July 2022 (Monday). Any submission of the tender received after the specified closing time mentioned above will not be accepted. The tender review panel will consider the tenders received and then make a recommendation to the URA Board for its decision on the award of the development of the Project.
-
10 Jun 2022
URA Welcomes Government’s Appointments of Managing Director and Executive Director
The Urban Renewal Authority (URA) today (10 June 2022) welcomes the Government’s re-appointment of Ir Wai Chi-sing as Managing Director of the URA for a term of three years with effect from 15 June 2022. It also welcomes the appointment of Ms Carolin Fong Suet-yuen as Executive Director, also for a term of three years, starting from 3 October 2022. Ms Fong will take up the position of Executive Director (Operations), overseeing the work on building rehabilitation, acquisition and clearance, works and contracts, and legal matters. In expressing his support to the re-appointment of Ir Wai, Chairman of the URA, Mr Chow Chung-kong said, “Over the past six years since taking office as Managing Director of the URA, Ir Wai has demonstrated strong leadership and professional expertise in lea
-
1 Jun 2022
URA & Chinachem Group Jointly Present “An Art Journey into the Past and Present Urban Reinvention · Advance Beyond 25” Miniature Exhibition in Celebration of the 25th Anniversary of the Establishment of the HKSAR
To celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), the Urban Renewal Authority (URA) and Chinachem Group (CCG) jointly hosted the opening ceremony of the miniature exhibition, entitled “An Art Journey into the Past and Present Urban Reinvention · Advance Beyond 25” at Central Market today (1 June 2022). The exhibition is the first to showcase the miniature of the city development as part of the celebratory events. Officiating at today’s opening ceremony were the Chief Executive of the HKSAR, the Honourable Mrs Carrie Lam; Chairman of the URA, Mr Chow Chung-kong; the Secretary for Development of the HKSAR, Mr Michael Wong; Managing Director of the URA, Ir Wai Chi-sing; and Executive Director and Chief Executive Officer of the
-
27 May 2022
URA Commences Redevelopment Project in “Lung Shing” Area of Kowloon City Towards District-based Planning Visions for Building a Liveable and Walkable Community
The Urban Renewal Authority (URA) today (27 May 2022) commences the statutory planning procedures for the Nga Tsin Wai Road / Carpenter Road Development Scheme (KC-017) in the “Lung Shing” area of Kowloon City. The URA has adopted the planning-led model in which a holistic plan to renew the old district is formulated before finalising the proposal for KC-017. In addition, the URA adopts an integrated approach by ways of redevelopment, rehabilitation, preservation and revitalisation for the URA’s projects in the vicinity, thereby realising the overall planning visions of the district. The KC-017 has outlined the planning visions based on the aspirations of the local residents and stakeholders over the years, to improve the traffic conditions, enhance the community facilities and the liv
-
10 May 2022
34 Expressions of Interest Received for Development of URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) received a total of 34 Expressions of Interest for the development of the Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun when the invitation for submission closed today (10 May 2022). A tender review panel under the URA Board will shortlist the qualified developers from the submissions, taking into consideration their development experience and financial capability to undertake the development in accordance with the shortlisting criteria set by the tender review panel. Based on the principal tender terms approved by the URA Board, shortlisted developers will be invited to submit tenders for the Project. The Project, which covers a site area of 1,077.3 square metres, was commenced in July 2017. Upon completion,