Press Releases

14 Jan 2026

Responses by URA to Government Motion on Support and Rebuilding Work after the Fire at Wang Fuk Court in Tai Po

In response to the Government Motion on support and rebuilding work after the fire at Wang Fuk Court in Tai Po, which was tabled at the Legislative Council today (14 January 2026), a spokesperson for the Urban Renewal Authority (URA) stated that the URA has been working closely with the Government to enhance support for building owners and owners’ corporations (OCs) in organising building maintenance projects. With regard to the Government’s proposed measures to further strengthen the URA’s “Smart Tender” service to better assist owners and OCs in tendering and appointing consultants and contractors for building maintenance works, the URA fully supports the initiatives and will carry out detailed study and explore implementation arrangement in collaboration with the Government. (ENDS
8 Jan 2026

URA Issues Acquisition Offers to Property Owners of Sai Yee Street / Flower Market Road Development Scheme

The Urban Renewal Authority (URA) today (8 January 2026) issued acquisition offers to property owners affected by Sai Yee Street / Flower Market Road Development Scheme (the Project*) in Mong Kok.  Eligible owner-occupiers of domestic properties of the Project will be offered $15,377 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).  In addition, eligible domestic owner-occupiers of the Project will be offered a purchase right of “Flat-for-Flat” unit in the future development to be constructed on the Project site as an additional option to cash compensation. The Notional Unit Rate was determined in accordance with the existing acquisition policy established in 2001.  The URA appoi
7 Jan 2026

URA Successfully Prices HK$8 Billion Dual-tranche Bond

The Urban Renewal Authority (URA) announced today (7 January 2026) the successful pricing of its dual-tranche HK$8 billion senior unsecured notes offering (the Offering) drawn under its US$4.4 billion Medium Term Note Programme.  The dual-tranche bond offering is summarised in the table below: Tenor Coupon Issuance 5-year 2.95% HK$5 billion 10-year 3.48% HK$3 billion Total HK$8 billion The Offering attracted a diverse range of high-quality local and international investors, including banks, asset managers, insurance companies, hedge funds, official institutions, family offices and private
3 Jan 2026

“Flower Market Festival: Coffee Blossoms” Launches, Celebrating the New Year with Discounts from Over 20 Flower Shops and Exclusive Drip Coffee Bags at Hong Kong’s First Flower Market Coffee Fair

To foster youth development and strengthen community cohesion while bringing vibrancy to the Flower Market in Mong Kok, the GDCD Association and the Urban Renewal Authority (URA) are hosting the “Flower Market Festival: Coffee Blossoms” (the Event) on 3 and 4 January from 12nn to 7pm, in the open area outside the Mong Kok Stadium.  The Event marks Hong Kong’s first coffee fair themed around coffee and floral artistry in the Flower Market, featuring over a dozen popular local coffee and dessert brands.  More than 20 merchants from the Flower Market will offer shopping discounts, and exclusive “Flower Market Drip Coffee Bags” will be available during the Event.  These efforts aim to attract foot traffic and new customers to the Flower Market.  Through an integrated approach, the URA strives

23 Oct 2025

URA Fully Supports 2025 Legislative Council General Election

The Urban Renewal Authority (URA) fully supports the 8th Legislative Council General Election (the General Election) scheduled for 7 December, 2025. The upcoming General Election is the second since the improvement of the electoral system of the SAR and is vital for promoting Hong Kong’s development, economic growth and enhancing people’s livelihood. As a statutory body committed to advancing urban renewal and upholding corporate social responsibility, the URA will promote and encourage its staff members and their families to vote on election day through various means.  This supports their civic rights and obligations and demonstrates commitment to Hong Kong’s development by electing candidates who can effectively represent them. The SAR's improved electoral system makes the Legis
3 Oct 2025

Re-appointment of Executive Director of URA

The Urban Renewal Authority (URA) today (3 October 2025) welcomes the Government’s re-appointment of Ms Carolin Fong Suet-yuen as the Executive Director of the Urban Renewal Authority (URA) for another term of three years with effect from today. Ms Fong will continue to take up the position of Executive Director (Operations), supporting the URA Managing Director in the formulation and implementation of policies and initiatives on building rehabilitation, acquisition and clearance, works and contract, and legal matters. The URA Chairman, Mr Chow Chung-kong, said, “Over the past three years, Carolin has made substantial contributions to the advancement of redevelopments and promotion of rehabilitation of buildings in older districts. She has played a key role in promoting sustainabilit

Year 2026

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