Press Releases
Year 2018
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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
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7 Sep 2018
Invitation to Tender for Development of URA’s Castle Peak Road/Un Chau Street Development Project
The Urban Renewal Authority (URA) today (Friday) invites a total of 37 property developers to tender for the development of the Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po. 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 5 October 2018 (Friday). 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 recommendation to the URA Board for its decision on the award of the development of the Project. The Pr
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17 Aug 2018
URA joins hands with Government departments to help operators affected by Graham Street fire incident rebuild and repair stalls
With regard to the fire incident which took place at the Graham Market in Central a few days ago, the Urban Renewal Authority (URA) together with the relevant Government departments have been in close contact with the affected stall operators in the past few days to understand the situation and their needs, with an aim to offer corresponding compassionate assistance and help them resume their business as soon as possible. Following the fire at Graham Street which broke out in the early hours of 15 August 2018, URA representatives went to the market in the morning on the same day to reach out to the stall operators to learn about their worries and concerns. Some stall operators expressed their concerns to the URA that they had to suspend their business as their stalls were damaged by th
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16 Aug 2018
37 Expressions of Interest received for URA’s Castle Peak Road/Un Chau Street Development Project
The Urban Renewal Authority (URA) received a total of 37 Expressions of Interest for the development of the Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po when the invitation for submission of Expressions of Interest closed today (Thursday). 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. The URA will soon invite the shortlisted developers to submit tenders for the development of the Project based on the principal tender terms approved by the URA Board. The Project, which covers a site area of about 1,650 square
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7 Aug 2018
Invitation for Expressions of Interest for Development of URA’s Castle Peak Road/Un Chau Street Development Project
The Urban Renewal Authority (URA) will invite interested developers to submit Expressions of Interest (EOI) for the development of the Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po tomorrow (Wednesday). The Project, which covers a site area of about 1,650 square metres, was commenced in February 2014. Upon completion, it will provide a maximum total gross floor area of about 14,840 square metres. The successful developer will be required to construct the new development in compliance with the standard and quality requirements, the environmentally sustainable provisions and smart provisions in respect of home energy and water consumption system, home health and wellness system, smart display, home waste management system, building information model
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24 Jul 2018
URA Board approves Ma Tau Wai Road/Chun Tin Street Project as “Starter Homes” Pilot Project
The Board of the Urban Renewal Authority (URA) today (Tuesday) approved to accept invitation from the Chief Executive of the Hong Kong Special Administrative Region to assign the Ma Tau Wai Road/Chun Tin Street Project as a “Starter Homes” (SH) Pilot Project, to support the Government’s new initiatives on housing announced earlier. The URA Board also approved authorising the Management of the URA to discuss with relevant policy bureaux and government departments over the next few months the implementation details of the Ma Tau Wai Road/Chun Tin Street SH Pilot Project, which will be submitted to the URA Board and Government for approval before the launch of the SH pre-sale exercise. Chairman of the URA, Mr Victor So Hing-woh, remarked that the URA Board approved to assign the URA’s s
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16 Jul 2018
URA publishes tender amounts of unsuccessful submissions for Tung Chau Street/Kweilin Street Redevelopment Project
The Urban Renewal Authority (URA) today (Monday) published on an anonymous basis the tender amounts offered by the unsuccessful but conforming tenderers in the tender for the Tung Chau Street/Kweilin Street Redevelopment Project (the Project) in Sham Shui Po. Tung Chau Street/Kweilin Street Project is the first URA project to implement the new arrangement of publishing information of the tender results on joint venture development projects. The new arrangement was approved by the URA Board in April 2018. The URA commenced the tender exercise of the Project earlier and a total of 20 tenders were received when the tender closed on 30 May 2018. After careful deliberation by the URA Board, the URA awarded the tender of the Project to World Fame Shipping Limited, a wholly-owned subsidia