Press Releases
Year 2016
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18 Aug 2016
32 Expressions of Interest received for Development of Kowloon Road/Kiu Yam Street Demand-led Project in Sham Shui Po
The Urban Renewal Authority (URA) received a total of 32 Expressions of Interest for the Kowloon Road/Kiu Yam Street demand-led redevelopment project in Sham Shui Po when the invitation for submission closed today (Thursday). A tender review panel under the URA Board will shortlist the qualified developers, taking into consideration their experience and financial capability to undertake the development in accordance with the requirements and criteria set by the URA. The URA will soon invite the qualified developers to submit tenders for the development based on the principal tender terms approved by the URA Board earlier. The project site, which covers an area of 543 square metres, was commenced in April 2013 under the second round of the URA's Demand-led Redevelopment Projects (Pilot
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9 Aug 2016
Invitation for Expressions of Interest for Development of URA’s Kowloon Road/Kiu Yam Street Demand-led Project in Sham Shui Po
The Urban Renewal Authority (URA) will invite interested developers to submit Expressions of Interest for the development of the Kowloon Road/Kiu Yam Street demand-led redevelopment project in Sham Shui Po tomorrow (Wednesday). The project site, which covers an area of 543 square metres, was commenced in April 2013 under the second round of the URA's Demand-led Redevelopment Projects (Pilot Scheme). It is tentatively scheduled for completion by 2019/2020, upon which it is planned to provide about 80 residential units with a total residential gross floor area of about 4,070 square metres and 814 square metres of commercial gross floor area. Information about the submission of the Expression of Interest for the project will be available at the URA's website (www.urg.org.hk) and published
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14 Jul 2016
URA welcomes appointment of Michael Ma as Executive Director
The Urban Renewal Authority (URA) today (Thursday) welcomes the Government's appointment of Mr Michael Ma as an Executive Director of the URA, effective 15 July 2016. "As one of the Executive Directors of the URA, Mr Ma's profound knowledge and expertise in urban regeneration, particularly in the area of town planning, are invaluable for taking Hong Kong's urban renewal to a new level. His active participation in leading the development of the district-based planning approach and taking it through to its implementation in the various projects in To Kwa Wan recently commenced, have demonstrated his vision and passion for urban renewal," said the Chairman of the URA, Mr Victor So Hing-woh. Mr Ma joined the URA in 2006 and has played a key role over the years in formulating the URA's st
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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)