Press Releases
Year 2015
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8 Sep 2015
16 Tenders Received for URA’s Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Tuesday) announced that a total of 16 tender offers have been received for the Sai Wan Ho Street Project in Shau Kei Wan. 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 38 property developers to tender for the project after their submissions of expression of interest. The project site covers an area of about 710 square metres. Upon completion, it is planned to provide about 120 residential units with a total residential gross floor area of about 5,360 square metres and 600 square metres of commercial gross floor area. (ENDS)
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5 Aug 2015
Property acquisition for Ash Street demand-led redevelopment project to start soon
The Urban Renewal Authority (URA) will soon issue conditional acquisition offers to property owners affected by the Ash Street demand-led redevelopment project in Tai Kok Tsui following its commencement in May 2015. It is the fourth and last demand-led redevelopment project in the third round pilot scheme. Eligible owner-occupiers of domestic properties of Nos. 5-13 Ash Street (odd number) will be offered $13,614 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 conditional offers for the project were deliberated and approved by the Land, Rehousing and Compensation Committee of the URA Board today (Wednesday). Letters setting out details of the conditional off
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3 Aug 2015
Invitation to Tender for Development of Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Monday) invited a total of 38 property developers to tender for the development of Sai Wan Ho Street Project in Shau Kei Wan. Following the expression of interest exercise closed on 8 July 2015, a tender review panel under the URA Board has decided to invite 38 qualified property developers to tender for the project (full list below), 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 September 2015. The project site covers an area of about 710 square metres. Upon completion, it is planned to pro
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28 Jul 2015
Sun Hung Kai Properties Limited win development contract of URA’s Pak Tai Street/San Shan Road Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Tuesday) announced that Top Deluxe (H.K.) Limited, a wholly-owned subsidiary of Sun Hung Kai Properties Limited, has won the contract for the development of Pak Tai Street/San Shan Road Project in Ma Tau Kok. The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of 20 tender offers when the tender closed. After careful deliberation, the URA Board considered that the tender offer made by Sun Hung Kai Properties Limited has met the tender requirements of the project and its offer is beneficial to the Authority, and thus decided to award the development contract to Sun Hung Kai Properties Limited. A spokesman for the URA said the Authority was pleased to have the opportuni
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17 Jul 2015
URA’s Hang On Street Demand-led Redevelopment Project: Authorisation by the Secretary for Development
The Secretary for Development (SDEV) has authorised the Urban Renewal Authority (URA) to proceed with a demand-led redevelopment project at Nos. 12 - 30 Hang On Street (even number) in Kwun Tong, which was published in the Gazette today (Friday). The project was implemented by way of a development project in accordance with the URAO. The project was commenced on 7 November 2014, followed by a two-month publication period, during which written objections were received. The URA had deliberated on the objections and submitted the project to SDEV for consideration on 30 March 2015 in accordance with the URAO. Pursuant to the URAO, any objector to the project who is aggrieved by the decision of SDEV may appeal on or before 17 August 2015 by lodging a notice of appeal with the Secretary to th
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14 Jul 2015
20 Tenders Received for URA’s Pak Tai Street/San Shan Road Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Tuesday) announced that a total of 20 tender offers have been received for the Pak Tai Street/San Shan Road Project in Ma Tau Kok. 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 32 property developers to tender for the project after their submissions of expression of interest. The project site covers an area of about 1,087 square metres. Upon completion, it is planned to provide about 160 residential units with a total residential gross floor area of about 8,152 square metres and 1,631 square metres of commercial gross floor area. (ENDS)
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9 Jul 2015
Applications open for 4th round of demand-led redevelopment projects
The Urban Renewal Authority (URA) is inviting applications for the fourth round of projects under its pilot demand-led redevelopment scheme as from today (Thursday) until 9 September 2015. Speaking at a media briefing today, Director (Planning and Design) of the URA, Mr Michael Ma, said: "The demand-led redevelopment model is one of the key initiatives set out in the Urban Renewal Strategy promulgated in 2011, enabling the URA to take a more diverse approach in redevelopment in order to speed up the pace of urban renewal; as well as providing an opportunity for owners to initiate redevelopment of their own properties." In the first three rounds, a total of 11 demand-led redevelopment projects were selected and commenced, among which two were terminated as the requisite 80% owners' ac
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8 Jul 2015
38 Expressions of Interest received for Development of Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) received a total of 38 Expressions of Interest for the development of Sai Wan Ho Street Project in Shau Kei Wan 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 710 square metres. Upon completion, it is planned to provide about 120 residential units with a total residential gross floor area of about 5,360 square metres and 600 square metres of commercial gross floor area. (ENDS)
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29 Jun 2015
URA and HKHS: New arrangement for building rehabilitation service
The Urban Renewal Authority (URA) and the Hong Kong Housing Society (HKHS) today (Monday) announced a new arrangement for the Integrated Building Maintenance Assistance Scheme (IBMAS). Beginning from 1 July 2015, the URA will be responsible for receiving and processing all new IBMAS applications in all areas in Hong Kong while the HKHS will continue to follow through the applications already received prior to that day. The IBMAS is a one-stop building rehabilitation service jointly managed by the URA and HKHS since 1 April 2011, providing technical and financial assistance to eligible property owners of private residential/composite buildings. The new arrangement came in response to the 2011 Urban Renewal Strategy which stated that rehabilitation is one of the URA's two core businesses
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25 Jun 2015
Invitation for Expressions of Interest for Development of Sai Wan Ho Street Project in Shau Kei Wan
The Urban Renewal Authority (URA) today (Thursday) invited interested developers to submit Expressions of Interest for the development of Sai Wan Ho Street Project in Shau Kei Wan. The project site covers an area of about 710 square metres. Upon completion, it is planned to provide about 120 residential units with a total residential gross floor area of about 5,360 square metres and 600 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 Central, by 5 p.m. on 8 July 2