Press Releases
Year 2016
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29 Jun 2016
URA to issue advance payment of acquisition offers for URA’s Chun Tin Street/Sung Chi Street Development Scheme soon
The Urban Renewal Authority (URA) will issue acquisition offers to the property owners affected by the Chun Tin Street/Sung Chi Street (KC-008(A)) development scheme in Kowloon City next week, following the approval by the Land, Rehousing and Compensation Committee of the URA today (Wednesday). Eligible owner-occupiers of domestic properties will be offered the market value of their domestic properties and the Home Purchase Allowance (HPA), both of which were assessed at the commencement date of the project on 6 May 2016 by way of advance payment. The offer is $11,349 per square foot of saleable area, which is equivalent to the unit rate of a notional replacement flat of seven-year-old situated in similar locality and of similar size. The KC-008(A) development scheme includes the same
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14 Jun 2016
URA Board approves enhancements to special compensation measure for Chun Tin Street/Sung Chi Street Development Scheme
The Board of the Urban Renewal Authority (URA) today (Tuesday) approved two enhancements to the one-off special compensation measure announced earlier for the affected owners and tenants of the Chun Tin Street/Sung Chi Street Development Scheme (KC-008(A)) commenced on 6 May 2016. The two enhancements are introduced after taking careful consideration of the unique circumstances of the KC-008(A) Development Scheme and the time that might involve in obtaining the approval from the Town Planning Board. KC-008(A) covers the same buildings of KC-008 Development Project, which had not been authorised by the Secretary for Development and was withdrawn by the URA on 6 May 2016. Under the two enhancements to the special compensation package, domestic and non-domestic owners accepting the mark
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14 Jun 2016
Yau Lee Holdings Limited wins development contract of URA’s Pine Street/Oak Street Demand-led Project in Tai Kok Tsui
The Urban Renewal Authority (URA) today (Tuesday) announced that Rich Asia Management Limited, a wholly-owned subsidiary of Yau Lee Holdings Limited, has won the contract for the development of Pine Street/Oak Street Demand-led Project in Tai Kok Tsui. The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of 11 tender offers when the tender closed. After careful deliberation, the URA Board considered that the tender offer made by Yau Lee Holdings Limited has met the tender requirements of the project and thus decided to award the development contract to Yau Lee Holdings Limited. A spokesman for the URA said the Authority was pleased to have the opportunity to implement the Pine Street/Oak Street Demand-led
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10 Jun 2016
URA holds 15th Anniversary Cocktail Reception
The Urban Renewal Authority (URA) marked its 15th anniversary with a cocktail reception officiated by the Chief Executive, Mr C Y Leung, the Secretary for Development, Mr Paul Chan, and Chairman of the URA, Mr Victor So, today (Friday). Speaking at the cocktail reception, Mr So said: "Building on the hard work and the solid foundation laid by our previous Chairmen and Board members, as well as our dedicated URA staff, we shall continue to seek the support from our various government departments, the Legislators, the District Councilors, the private developers and professionals, and more importantly, the understanding of the affected residents and owners in our pursuit of urban renewal for the benefit of our entire community." (ENDS)
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10 Jun 2016
URA holds international conference to take forward urban regeneration
The Urban Renewal Authority today (Friday) organised an international conference entitled "Bringing Innovations to Urban Renewal" on the occasion of its 15th anniversary providing a platform for the exchange of knowledge and ideas to take urban regeneration in Hong Kong to the next level. The one-day conference was opened by the Acting Chief Executive of the Hong Kong Special Administrative Region, the Honourable John Tsang, and was attended by about 200 experts, scholars and practitioners in the urban planning and building industry. Speaking in the opening speech, the Honourable John Tsang, said: "The URA's greatest achievement must be the benefit that it brings to people and also their living conditions." Welcoming all participants to the conference, Chairman of the URA, Mr Victor So
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3 Jun 2016
URA adopts holistic, district-based approach in commencing three new projects in Kowloon City
The Urban Renewal Authority (URA) today (Friday) commences the planning procedure of three redevelopment projects in Kowloon City, taking a holistic and district-based urban renewal approach to rejuvenate the district with more community benefits while improving the living environment of residents. The three projects, namely Hung Fook Street/Ngan Hon Street Development Scheme (KC-010), Hung Fook Street/Kai Ming Street Development Project (KC-011), and Wing Kwong Street Development Project (KC-012), will bring the total number of redevelopment projects implemented by the URA in Kowloon City to 13, including one being carried out under the pilot scheme of the demand-led redevelopment project. The three new project sites altogether cover a total area of about 8,840 square metres, involv
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26 May 2016
11 Tenders Received for URA’s Pine Street/Oak Street Demand-led Project in Tai Kok Tsui
The Urban Renewal Authority (URA) today (Thursday) announced that a total of 11 tender offers have been received for Pine Street/Oak Street demand-led redevelopment project in Tai Kok Tsui. A tender review panel will consider the tenders received and make recommendation to the URA Board for a decision on the award of a development agreement. Earlier, the URA invited 29 property developers to tender for the project after their submissions of expression of interest. The project site covers an area of about 767 square metres. Upon completion, it is planned to provide about 115 residential units with a total residential gross floor area of about 5,754 square metres and 719 square metres of commercial gross floor area. (ENDS)
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25 May 2016
URA to hold international conference on urban renewal to celebrate 15th anniversary
The Urban Renewal Authority today (Wednesday) announced that it will host an international conference on 10 June 2016 on the occasion of its 15th Anniversary to bring together a panel of leading experts from around the world to discuss and share their knowledge and experience in urban regeneration. Entitled "Bringing Innovations to Urban Renewal", the full-day conference will focus on the discussion of urban development and restoration of building structures which will be exemplified by thought-provoking case studies of different cities with the aim to shed light on the best way forward for the development of urban renewal in Hong Kong. The conference will be held at Hong Kong Convention and Exhibition Centre. Chairman of the Urban Renewal Authority, Mr Victor So, said: "As a dynamic
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20 May 2016
323 units sold under URA’s Subsidised Sale Flat Scheme at Kai Tak development
The Urban Renewal Authority (URA) has sold 323 flats (comprising eight studio, 213 one-bedroom and 102 two-bedroom units) out of the 338 flats designated for sale as subsidised sale flats under its Subsidised Sale Flat (SSF) Scheme at the Kai Tak development when the sale closed today (Friday). The URA Board will decide on the appropriate disposal arrangement for the unsold SSF flats, pending the sale of them at the market price in the open market after 31 December 2016. The URA received a total of 12,642 preliminarily verified applications for the SSF Scheme during the application period which expired early this year, of which 3,068 were confirmed eligible applicants (2,102 single person applicants and 966 family applicants). The URA has commenced the sale of flats under SSF Scheme si
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19 May 2016
URA welcomes appointment of Wai Chi-sing as Managing Director
The Urban Renewal Authority (URA) today (Thursday) welcomes the Government's appointment of Mr Wai Chi-sing as Managing Director of the URA for a term of three years with effect from 15 June 2016. The Chairman of the URA, Mr Victor So Hing-woh, said: "Mr Wai is a professional engineer and had served in various government departments and bureaux for many years. His wealth of administration experience and profound knowledge will be invaluable to driving and strengthening the URA's efforts in urban regeneration in the years to come." Mr So also expressed his gratitude to Mr Daniel C Lam for his contribution as the Managing Director in the past year to lead the work of the URA. "Mr Lam has been a non-executive director of the URA Board appointed by the Government since 2008, giving his