Press Releases
Year 2017
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28 Jul 2017
URA commences 5th redevelopment project in Central & Western district
The Urban Renewal Authority (URA) today (Friday) commences the planning procedure of the Sung Hing Lane/Kwai Heung Street in the Central and Western district, which is the 5th redevelopment project initiated by the URA in the district. Occupying a site of about 1,120 square metres, the project covers Nos. 1 - 7 (odd number) and Nos. 2 - 4D (even number) Sung Hing Lane, Nos. 216 and 218 Des Voeux Road West, and Nos. 12 - 16 Kwai Heung Street (even number). Built between 1959 and 1978, the 14 street numbers of buildings within the project area are mainly in "varied" condition. The buildings are six to eight storeys without elevator. At a media briefing to announce details of the project, Head (Planning and Design), Mr Wilfred Au, said the project was undertaken with an aim to impr
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26 Jul 2017
Invitation for Expressions of Interest for Development of URA’s Peel Street/Graham Street Project (Site C)
The Urban Renewal Authority (URA) will invite interested developers to submit Expressions of Interest (EOI) for the development of Site C of the Peel Street/Graham Street project tomorrow (Thursday). The project is divided into three sites (Sites A, B and C) and is being implemented in phases. The site being put up for development is Site C bounded by Graham Street, Gage Street and Cochrane Street, covering a site area of about 2,685 square metres. Upon completion, it is planned to provide a gross floor area of about 40,275 square metres for office, hotel and retail purposes. The site will also provide a public open space of not less than 1,310 square metres for the enjoyment of the community. Information about the submission of the EOI for the project site will be available at
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3 Jul 2017
URA to issue acquisition offers to three redevelopment projects in Kowloon City
The Urban Renewal Authority (URA) will issue acquisition offers to property owners affected by its three redevelopment projects in Kowloon City, namely Bailey Street/Wing Kwong Street Development Project (KC-009), Hung Fook Street/Kai Ming Street Development Project (KC-011) and Wing Kwong Street Development Project (KC-012) this Friday (7 July). Eligible owner-occupiers of domestic properties of these three projects will be offered $15,383 per square foot of saleable area which is the unit rate of a notional replacement flat of seven years old situated in a similar locality ("Notional Flat Unit Rate"). The Notional Flat Unit Rate was approved by the Land, Rehousing and Compensation Committee (LRCC) of the URA Board last Friday. In line with the established mechanism, the URA appointe
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23 Jun 2017
URA welcomes re-appointment of Michael Ma as Executive Director
The Urban Renewal Authority (URA) today (Friday) welcomes the Government's re-appointment of Mr Michael Ma Chiu-tsee as Executive Director of the URA for a new term of three years, effective 15 July 2017. "As one of the Executive Directors of the URA, Mr Ma has profound knowledge and expertise in urban regeneration, particularly in the area of town planning, which are essential for taking forward urban renewal and tackling the growing problem of urban decay in Hong Kong. The URA has, in the past year, commenced several redevelopment projects in the To Kwa Wan area under a district-based planning approach with a view to improving the built environment and providing better facilities for the community. Mr Ma has been playing a crucial role in formulating the related planning and design of
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13 Jun 2017
URA Board approves refinements to its three rehabilitation schemes
The Board of the Urban Renewal Authority today (Tuesday) approved a number of refinements to its three rehabilitation schemes, which are Smart Tender Building Rehabilitation Facilitating Service Scheme (Smart Tender), Integrated Building Maintenance Assistance Scheme (IBMAS) and Mandatory Building Inspection Subsidy Scheme (MBISS), with a view to encouraging more property owners to carry out building rehabilitation work. IBMAS and MBISS are URA's rehabilitation schemes providing assistance to owners for building rehabilitation works and mandatory building inspection. The current average annual rateable value (RV) limits, at or below which IBMAS and MBISS are applicable, have been adopted as one of the joining criteria for IBMAS and MBISS. Under the refinements and with effect from toda
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13 Jun 2017
Chevalier Pacific Limited wins development contract of URA’s Fuk Chak Street/Li Tak Street demand-led redevelopment project
The Urban Renewal Authority (URA) today (Tuesday) announced that Chevalier Pacific Limited, a wholly-owned subsidiary of Chevalier International Holdings Limited, has won the contract for the development of Fuk Chak Street/Li Tak Street demand-led redevelopment project in Tai Kok Tsui. The URA earlier invited a number of qualified property developers to submit tenders for the project following an Expression of Interest exercise. The URA received a total of 14 tenders when the submission of tender closed on 25 May 2017. After careful deliberation, the URA Board considered that the tender offer made by Chevalier Pacific Limited has met the tender requirements of the project and thus decided to award the development contract to Chevalier Pacific Limited. The project site, which covers an
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13 Jun 2017
URA Board approves enhancements to policies for ex-gratia payment and rehousing
The Board of the Urban Renewal Authority today (Tuesday) approved enhancements to the policies for ex-gratia payment and rehousing to domestic tenants, as well as ex-gratia payment to non-domestic tenants and non-domestic owner-occupiers, who are affected by its redevelopment projects. These enhancements, which take effect from today, aim at helping the domestic tenants to improve their living conditions, especially those living in subdivided units and cubicles. Considerations have also been given to the domestic and non-domestic tenants, who are evicted by their landlords prior to acquisition of the properties by the URA. Speaking at a media briefing today, Director (Acquisition and Clearance) of the URA, Mr Ian Wong, said: "Many of the affected residents are living in sub-divided
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25 May 2017
14 tenders received for URA’s Fuk Chak Street/Li Tak Street demand-led redevelopment project
The Urban Renewal Authority (URA) received a total of 14 tenders for the Fuk Chak Street/Li Tak Street demand-led redevelopment project in Tai Kok Tsui when the invitation for submission of tender closed today (Thursday). 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 tender for the project. The URA earlier invited interested developers to submit Expressions of Interest for the tender of the project. After careful consideration of the Expressions of Interest received, the TRP invited 28 property developers to tender for the project. The project site, which covers an area of 768 square metres, was commenced in June 2013 under the second round of the URA's Demand-led Redevelo
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10 May 2017
URA’s Man On Street/Tai Kok Tsui Road demand-led project aborted as 80% threshold could not be met
The Urban Renewal Authority (URA) announced that it would not implement the Man On Street/Tai Kok Tsui Road demand-led redevelopment project. The project consists of 16 lots, each lot sharing a common staircase with the adjoining lot, in 8 clusters. There is a condition precedent for implementation of the project namely, there must be owners holding no less than 80% of the undivided shares in each cluster accepting acquisition offers issued by URA and signing Conditional Sale and Purchase Agreements with URA, both within 75 days of issue of acquisition offers by URA (80% Condition Precedent). The 80% Condition Precedent expires today (Wednesday) and could not be fulfilled by the owners. Located at Nos. 8 - 30 Man On Street (even numbers) and Nos. 193 - 199 Tai Kok Tsui Road (odd numb
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27 Apr 2017
16 units in URA’s Kai Tak development sold in open market sale
The Urban Renewal Authority (URA) today (Thursday) sold all 16 units in its Kai Tak development in the open market at the prevailing market prices. Interested parties who have submitted to the URA the Registrations of Intent by 24 April 2017 were invited to the Sales Office at No.6 Fuk Tsun Street in Tai Kok Tsui today (27 April 2017) for flat selection and purchase according to the order of priority determined by balloting conducted on 25 April 2017. The URA has entered into preliminary agreements for sale and purchase (PASP) with the respective purchasers of all 16 units. It targets to complete the assignment of the properties with the respective purchasers 90 days after signing of the PASP. The 16 flats range from 442 square feet to 562 square feet in saleable area, comprising 1