Press Releases
Year 2015
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1 Dec 2015
URA Board approves application requirements of Subsidised Sale Flat Scheme
The Board of the Urban Renewal Authority (URA) today (Tuesday) held a special meeting to discuss the Management's proposal on the eligibility requirements for the Subsidised Sale Flat (SSF) Scheme at the URA's development at Kai Tak and consider further legal advice in relation to the scheme. After taking into consideration of the potential legal risks that may arise and the public aspirations for housing needs, the URA Board approved the following terms: the inclusion of single person household applicants; an income limit of $33,500 per month and an asset limit of $1.5 million to be applicable for single person household applicants; and the total household income and net asset value limits for two-person or above households remain unchanged at HK$60,000 per month and HK$3 million re
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24 Nov 2015
URA's response to media enquiries
In response to media enquiries concerning the subsidised-sale flat (SSF) scheme to be provided by the Urban Renewal Authority (URA) at the Kai Tak development, a spokesman for the URA said: A report was made today to the URA Board about the decision to accept applications from single-person households for the URA's SSF scheme at the Kai Tak development in response to the housing need of single-person households. Both single-person households and two-person or above households are eligible for applying the URA's SSF scheme at the Kai Tak development. The total monthly household income and net asset value of the applicants must not exceed HK$60,000 and HK$3 million respectively. The URA has no plan to set a quota for single-person households and priority for flat selection. Preparations
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17 Nov 2015
30 Expressions of Interest received for Development of Kowloon City Road/Sheung Heung Road Project in Ma Tau Kok
The Urban Renewal Authority (URA) received a total of 30 Expressions of Interest for the development of the Kowloon City Road/Sheung Heung Road Project in Ma Tau Kok when the invitation for submission closed today (Tuesday). A tender review panel under the URA Board will shortlist qualified developers and invite them to submit tenders for the development project soon. The project site covers an area of about 1,384 square metres. Upon completion, it is planned to provide about 216 residential units with a total residential gross floor area of about 10,380 square metres and 2,076 square metres of commercial gross floor area. (ENDS)
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4 Nov 2015
Invitation for Expressions of Interest for Development of Kowloon City Road/Sheung Heung Road in Ma Tau Kok
The Urban Renewal Authority (URA) will invite interested developers to submit Expressions of Interest for the development of the Kowloon City Road/Sheung Heung Road in Ma Tau Kok tomorrow (Thursday). The project site covers an area of about 1,384 square metres. Upon completion, it is planned to provide about 216 residential units with a total residential gross floor area of about 10,380 square metres and 2,076 square metres of commercial gross floor area. Developers interested in the development are requested to substantiate their development experience and financial capability to undertake the development in accordance with the requirements and criteria set by the URA. All Expressions of Interest should be submitted to the URA Headquarters at 26/F, COSCO Tower, 183 Queen's Road Centr
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3 Nov 2015
Invitation to Tender for Development of Hai Tan Street Demand-led Project in Sham Shui Po
The Urban Renewal Authority (URA) today (Tuesday) invited a total of 22 property developers to tender for the development of Nos. 205 - 211A Hai Tan Street demand-led redevelopment project in Sham Shui Po. Following the expression of interest exercise closed on 7 October 2015, a tender review panel under the URA Board has decided to invite 22 qualified property developers to tender for the project (full list at annex), after taking into consideration their experience and financial strength to undertake the development in accordance with the requirements and criteria set by the Authority. All tender submissions should reach the URA Headquarters at 26/F, COSCO Tower, 183 Queen's Road Central, by 12:00 noon on Tuesday, 8 December 2015. The project site covers an area of about 423 square m
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26 Oct 2015
URA’s Ash Street demand-led redevelopment project attains 86.58% acceptance rate
Property owners representing 86.58 percent of the undivided shares of the Ash Street demand-led redevelopment project in Tai Kok Tsui have signed agreements to sell their properties to the Urban Renewal Authority (URA) within the 75-day conditional offer period expiring today (Monday). This demand-led project at Nos. 5 - 13 Ash Street (odd number) was commenced in May 2015. It is the fourth and last demand-led redevelopment project in the third round of the pilot scheme. Conditional acquisition offers were issued to property owners in the project on 10 August 2015. After the granting of authorisation by the Secretary for Development to proceed with the project, and subject to no appeal or dismissal of all appeals 30 days after the publication of the authorisation, the URA will complete
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7 Oct 2015
22 Expressions of Interest received for Development of Hai Tan Street Demand-led Project in Sham Shui Po
The Urban Renewal Authority (URA) received a total of 22 Expressions of Interest for the development of the Nos. 205 - 211A Hai Tan Street demand-led redevelopment project in Sham Shui Po when the invitation for submission closed today (Wednesday). A tender review panel under the URA Board will shortlist qualified developers and invite them to submit tenders for the development project soon. The project site covers an area of about 423 square metres. Upon completion, it is planned to provide about 69 residential units with a total residential gross floor area of about 3,170 square metres and 396 square metres of commercial gross floor area. (ENDS)
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23 Sep 2015
Invitation for Expressions of Interest for Development of Hai Tan 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 Nos. 205 - 211A Hai Tan Street demand-led redevelopment project in Sham Shui Po tomorrow (Thursday). The project is one of the demand-led redevelopment projects under the first round of the pilot scheme and the site covers an area of about 423 square metres. Upon completion, it is planned to provide about 69 residential units with a total residential gross floor area of about 3,170 square metres and 396 square metres of commercial gross floor area. Developers interested in the development are requested to substantiate their development experience and financial capability to undertake the development in accordance with the requirements and criteria set by the U
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22 Sep 2015
Lai Sun Development Company Limited wins development contract of URA’s Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Tuesday) announced that Kingland Century Limited, a wholly-owned subsidiary of Lai Sun Development Company Limited, has won the contract for the development of Sai Wan Ho Street Project in Shau Kei Wan. The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of 16 tender offers when the tender closed. After careful deliberation, the URA Board considered that the tender offer made by Lai Sun Development Company Limited has met the tender requirements of the project and thus decided to award the development contract to Lai Sun Development Company Limited. A spokesman for the URA said the Authority was pleased to have the opportunity to implement the Sai Wan Ho Street Projec
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9 Sep 2015
77 applications received for 4th round of demand-led redevelopment project (pilot scheme)
The Urban Renewal Authority (URA) announced that 77 applications have been received for the fourth round of the demand-led redevelopment project (pilot scheme) by 5 pm today (Wednesday). A spokesman for the URA said: "The demand-led redevelopment project (pilot scheme) has been well received among property owners since its launch in 2011. Drawing on the experience from the last three rounds, the URA has made revisions to the pilot scheme in order to enhance the success rate of the scheme and the planning gain to the community. While the level of interest in the fourth around of application matches our expectation, the URA hopes to continue to improve the living environment of people living in old districts through a diverse approach." All applications will go through a stringent screeni