Press Releases
Year 2024
-
13 May 2024
URA Follows up on Vendor’s Cloud Server Platform System Security Incident
In view of the recent online server platform system security incidents involving a cloud server platform provided by an IT services vendor which the Urban Renewal Authority (URA) has also subscribed to, it has recently found that some personal data stored on the vendor’s cloud server platform might carry the potential risk of a data breach. The URA has immediately deactivated the vendor’s cloud server platform, deleted the relevant data and reported the incident to the Office of the Privacy Commissioner for Personal Data, Hong Kong. The incident involved the URA’s Nga Tsin Wai Road / Carpenter Road Development Scheme (the Project) of Kowloon City which commenced property acquisition at the end of last month. On 30 April, the URA sent letters to affected owners, tenants and shop operat
-
30 Apr 2024
URA Issues Acquisition Offers to Property Owners of Nga Tsin Wai Road / Carpenter Road Development Scheme
The Urban Renewal Authority (URA) today (30 April 2024) issued acquisition offers to property owners affected by Nga Tsin Wai Road / Carpenter Road Development Scheme (the Project*) of Kowloon City. Eligible owner-occupiers of domestic properties of the Project will be offered $14,599 per square foot of saleable area, which is the unit rate of a seven-year-old notional replacement flat situated in the same locality (“Notional Unit Rate”). In addition, eligible domestic owner-occupiers of the Project will be offered the choice of a flat-for-flat (FFF) unit in the future development to be constructed on the Project site, or a FFF unit at the URA’s Kai Tak Development Project as an option on top of cash compensation. The above Notional Unit Rate, approved by the Land, Rehousing and Compen
-
5 Apr 2024
URA Announces Tender Amounts of Unsuccessful Submissions for Shing Tak Street / Ma Tau Chung Road Development Project
The Urban Renewal Authority (URA) today (5 April 2024) announced on an anonymous basis the tender amounts submitted by the conforming but unsuccessful tenderers for the Shing Tak Street / Ma Tau Chung Road Development Project (the Project) in Kowloon City. The URA had earlier invited tender submissions for the Project and announced on 14 December 2023 the award of the development contract. After the signing of the development agreement with the successful tenderer, the URA announced, in descending order and on an anonymous basis, the following tender amounts offered by the remaining five conforming but unsuccessful tenderers: Tender Amount (HK$) 1 1,147,000,000 2 1,037,300,000
-
29 Mar 2024
URA Launches New Preventive Maintenance Subsidy Scheme on 1 April
The Urban Renewal Authority (URA) will launch a new scheme, Preventive Maintenance Subsidy Scheme (PMSS), to motivate owners of residential and composite properties to carry out preventive maintenance for their buildings. The PMSS will open for application starting from 1 April 2024. Preventive maintenance ensures the building components can be properly upkept and includes inspections to enable minor defects to be detected at an early stage such that they can be repaired before deteriorating into major costly problems. Implementing preventive maintenance is crucial for extending the service life of buildings and slowing down the pace of urban decay. By providing financial assistance, the PMSS aims to incentivise eligible owners to compile building maintenance manuals and establish fi
-
28 Mar 2024
Nearly 70% of “Starter Homes” Units at the URA’s eResidence Tower 3 Sold
The URA today (28 March 2024) completed all the flat selection and sales procedures for 260 units at eResidence Tower 3 (Tower 3), a URA Starter Homes for Hong Kong Residents (SH) Project. In early March, the URA invited eligible applicants for flat selection at its Cheung Sha Wan sales office by mail in batches according to the order of their priority numbers assigned previously. As of the closing date (today), 233 qualified applicants had attended the flat selection sessions. A total of 173* (67%) available units were sold, representing a flat selection success rate of 74%. One-bedroom units were the most popular with all 125 units being sold out. 30 two-bedroom units and 18 three-bedroom units were also sold. By providing residential units at discounted prices, the SH project
-
15 Mar 2024
URA's Response to Issues Related to Repair and Maintenance Work of Neptune Terrace in Chai Wan
Please refer to the Chinese version.
-
15 Mar 2024
URA Commences the First Urban Renewal Project under Yau Mong District Study to Implement the Planning Recommendations of Building an Exuberant Commercial District in Mong Kok East
The Urban Renewal Authority (URA) today (15 March 2024) commences the Sai Yee Street / Flower Market Road Development Scheme (YTM-013 Scheme) and proceeds with the relevant statutory planning procedures. The YTM-013 Scheme is the first urban renewal project launched in Yau Tsim Mong District following the completion of the District Study for Yau Ma Tei and Mong Kok (YMDS). It fulfils the target, as stated in The Chief Executive’s 2023 Policy Address, that the URA will commence the redevelopment project of the “Nullah Road Urban Waterway” in Mong Kok East in the coming five years. The YTM-013 Scheme is implemented under the 2011 Urban Renewal Strategy, adopting a “planning-led, district-based” urban renewal approach. It will materialise the Development Node of “Nullah Road Urban Water
-
7 Mar 2024
URA Commences Flat Sale of eResidence Tower 3 “Starter Homes” Project on 18 March 2024
The Urban Renewal Authority (URA) will commence the sale of 260 units at eResidence Tower 3, a URA Starter Homes (SH) for Hong Kong Residents Project on 18 March 2024. The URA will invite eligible applicants for flat selection by mail in batches according to the order of their priority numbers assigned earlier. The first batch of eligible applicants will be able to select their preferred units that are available for purchase at the sales office located at Shop 6, G/F, “The Harmonie”, 233 Castle Peak Road in Cheung Sha Wan starting from 18 March 2024. Eligible applicants and all adult members (aged 18 or above) listed in their applications should bring along the invitation letter for flat selection (Invitation Letter), together with all required documents listed in the Invitation Le
-
21 Dec 2023
Celebration Ceremony for the URA’s “7 Bears in Town@Kwun Tong” Christmas Carnival
Heralding the arrival of Christmas, a celebration ceremony was staged today (21 December 2023) for the “7 Bears in Town@Kwun Tong” Christmas Carnival, an inaugural mega outdoor festive event at Kwun Tong Town Centre organised by the Urban Renewal Authority (URA). The ceremony was officiated by the Guest of Honour, Mr Michael Wong, Deputy Financial Secretary of the Hong Kong Special Administrative Region, in the company of Mr Chow Chung-kong, Chairman of the URA, Ir Wai Chi-sing, Managing Director of the URA, Mr Denny Ho, District Officer (Kwun Tong) of the Kwun Tong District Office, and Ms Bella Chhoa, Director of Asset Management at Sino Group. At the ceremony, the guests enjoyed a giant animation projection and an orchestra performance by Cheung Sha Wan Catholic Secondary School, tog
-
14 Dec 2023
Tender Award – URA’s Shing Tak Street / Ma Tau Chung Road Development Project
The Urban Renewal Authority (URA) announced today (14 December 2023) that the contract for the development of the Shing Tak Street / Ma Tau Chung Road Development Project (the Project) in Kowloon City has been awarded to Asia Region Limited, which is a consortium consisting of Sino Land Company Limited, China Merchants Land Limited and Great Eagle Holdings Limited, for a tender amount of HK$1,934 million. According to the development contract, Asia Region Limited shall reserve three flats on the lower residential floors of the Project for the implementation of the URA’s “in-situ” Flat-for-Flat Scheme. The accommodation value of the Project, after taking into account the construction cost and gross floor area of the reserved flats, is therefore estimated at HK$4,694 per square foot.