Press Releases
Year 2014
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11 Apr 2014
URA commences second redevelopment project in the third round of demand-led pilot scheme
The Urban Renewal Authority (URA) today (Friday) announced the commencement of the second demand-led redevelopment project under the third round of the pilot scheme which is scheduled for implementation in the Authority's 2014/15 Business Plan. The project, located at Nos. 68A - 70C To Kwa Wan Road (even number), is the ninth demand-led project commenced by the URA since the introduction of the demand-led pilot scheme in 2011. Speaking at a media briefing session this morning, General Manager (Planning & Design) of the URA, Mr Lawrence Mak, said among the 51 applications received in the third round, four projects which have fully met the selection criteria have been chosen for inclusion in the 2014/15 Business Plan of the Authority. Last December, the URA commenced in advance the pr
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8 Apr 2014
15 Expression of Interest Submissions received for Development Areas 2 & 3 of Kwun Tong Town Centre Redevelopment project
The Urban Renewal Authority (URA) received a total of 15 Expressions of Interest submitted by developers and consortia for the development of residential properties above a podium providing retail and government facilities in the main site of the Kwun Tong Town Centre redevelopment project. The invitation for submission closed today (Tuesday). A tender review panel under the URA Board will shortlist qualified companies and invite them to submit tenders for the development project. The tender exercise will take place in the near future. The project is the largest redevelopment initiative ever undertaken by the Authority. The project areas being put up for development are Development Areas 2 and 3 which occupy a site of about 21,754 square metres bounded by Yue Man Square, Hong Ning Road
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7 Apr 2014
URA’s San Shan Road/Pau Chung Street Project in Ma Tau Kok received eight tender offers
The Urban Renewal Authority (URA) today (Monday) announced that a total of eight tender offers have been received for the residential-cum-commercial development of San Shan Road/Pau Chung Street 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 in respect of this project. Earlier, the URA invited 19 property developers to submit a tender for the development after they had put forward their expressions of interest. With a site area of about 1,170 square metres, the project occupies a corner site abutting San Shan Road and Pau Chung Street in Ma Tau Kok. The project is planned to deliver a total gross floor area of about 10,534 square metres for an estimated t
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25 Mar 2014
Paliburg and Regal Hotels International win development of URA’s Shun Ning Road project in Sham Shui Po
The Urban Renewal Authority (URA) today (Tuesday) announced that a consortium, Star Yield Investments Limited, consisting of Paliburg Holdings Limited and Regal Hotels International Holdings Limited, has won the contract for the residential-cum-commercial development of Shun Ning Road project in Sham Shui Po by tender. The project with a site area of about 825 square metres is located at Shun Ning Road near Tonkin Street in Sham Shui Po. The total residential gross floor area is about 6,186 square metres. It is expected that 50 percent of the total number of residential units will each have a saleable area of not more than 46.5 square metres (i.e. about 500 square feet). The consortium is one of the four tender submissions received for the above development project. The URA Board after
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17 Mar 2014
URA encourages young people to explore urban renewal through performing arts
The Urban Renewal Authority (URA) has continued this year to organise a series of interactive and interesting school programmes to inspire the students to learn more about urban renewal. A finale event to conclude this school year's programme has been held on 14 March at the Youth Square in Chai Wan with a gala show by primary students and the final of a drama competition by secondary school students, with about 400 people participating. The drama competition titled "What can we do for the old districts?" aims to encourage the students to explore the issues of old district through creative script writing and drama performance. The four shortlisted teams have demonstrated a high quality of play and good understanding of social issues. The drama competition was supported by Hong Kong E
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10 Mar 2014
Invitation to tender for development of San Shan Road/Pau Chung Street Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Monday) invited a total of 19 property developers to tender for the residential-cum-commercial development of San Shan Road/Pau Chung Street project in Ma Tau Kok. With a site area of about 1,170 square metres, the project occupies a corner site abutting San Shan Road and Pau Chung Street in Ma Tau Kok. The project is planned to deliver a total gross floor area of about 10,534 square metres for an estimated total of 144 residential units, together with the provision of commercial space of about 1,756 square metres. Following the expression of interest exercise which was closed on 17 February 2014, a tender review panel under the URA Board has decided to invite 19 interested property developers for tender (full list at annex), after taking into c
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4 Mar 2014
URA issues conditional offers to owners of Kai Ming Street demand-led redevelopment project
The Urban Renewal Authority (URA) today (Tuesday) issued conditional acquisition offers to property owners affected by the Kai Ming Street demand-led redevelopment project in To Kwa Wan, Kowloon. Eligible owner-occupiers of domestic properties of Nos. 41 - 51 Kai Ming Street (odd numbers) are offered $10,968 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. Details of the conditional offers are spelt out in letters to owners of 49 property interests who will have 75 days to consider and accept the offers. There must be an acceptance of URA's conditional offers with execution of Sale and Purchase Agreements by owners of not less than 80 percent of undivided shares of eac
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28 Feb 2014
Shun Ning Road development project in Sham Shui Po received 4 tender offers
The Urban Renewal Authority (URA) today (Friday) announced that a total of four tender offers have been received for the residential-cum-commercial development of Shun Ning Road project in Sham Shui Po. 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 in respect of this project. Earlier, the URA asked 16 developers to submit a tender for the development after they had put forward their expressions of interest. The project with a site area of about 825 square metres is located at Shun Ning Road near Tonkin Street in Sham Shui Po. The total residential gross floor area is about 6,186 square metres. It is expected that 50 percent of the total number of residential units will each have a
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25 Feb 2014
Property acquisition for Kai Ming Street demand-led redevelopment project to start soon
The Urban Renewal Authority (URA) will issue conditional acquisition offers to property owners affected by the Kai Ming Street demand-led redevelopment project in To Kwa Wan early next month, following its advanced commencement in December 2013 under the third-round demand-led pilot scheme scheduled for implementation in the Authority's 2014/15 Business Plan. Eligible owner-occupiers of domestic properties of Nos. 41 - 51 Kai Ming Street (odd numbers) will be offered $10,968 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 Land, Rehousing and Compensation Committee of the URA Board approved the conditional offers for the project after careful deliberation today (Tu
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24 Feb 2014
Invitation for Expression of Interest for Development of Kwun Tong Town Centre Project
The Urban Renewal Authority (URA) will invite interested parties to submit Expressions of Interest (EOI) for the development of a residential-cum-retail and commercial project in two designated development areas of its mega-scale Kwun Tong Town Centre project starting from tomorrow (Tuesday). The project is the largest redevelopment project ever undertaken by the Authority since its establishment. The two areas being put up for development are Development Areas 2 and 3 which occupy a site of about 21,754 square metres bounded by Yue Man Square, Hong Ning Road, Mut Wah Street and Hip Wo Street in Kwun Tong. The new development in the two areas will comprise a total residential gross floor area of 138,980 square metres providing about 1,700 residential units, together with a gross floor