Press Releases
Year 2012
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9 Nov 2012
URA’s Reclamation Street/Shantung Street project: Authorisation by the Secretary for Development
The Secretary for Development (SDEV) has authorised the Urban Renewal Authority (URA) to proceed with the Reclamation Street/Shantung Street project in Mong Kok. The authorisation for the project is given under Section 24(5) of the Urban Renewal Authority Ordinance (URAO) and is published in the Gazette today (Friday). The project was implemented by way of a development project in accordance with Section 26 of the URAO. The implementation notice of the Reclamation Street/Shantung Street project was published in the Gazette on 10 February 2012 under Section 23 of the URAO. It was followed by a two-month publication period, during which written objections were received and deliberated. In accordance with Section 24(3) of the URAO, the URA submitted the Reclamation Street/Shantung Stree
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29 Oct 2012
URA unveils flat-for-flat fixed unit prices for the first demand-led project and conditional acquisition offers for two other demand-led projects in 2012/13
The Urban Renewal Authority (URA) today (Monday) announced the fixed unit prices for the flat-for-flat option for its debut demand-led project at 229A-G Hai Tan Street, Sham Shui Po, which is offered as an additional option to the domestic owner-occupiers affected by the project. On the other hand, conditional acquisition offers have been issued to property owners of two other demand-led redevelopment projects in Sham Shui Po and Tai Kok Tsui, Kowloon. The said offers were approved by the Land, Rehousing and Compensation Committee of the URA Board on 19 October 2012 after careful deliberations. Letters outlining details of the fixed unit prices for the flat-for-flat arrangement and conditional acquisition offers are issued to the eligible owners of the three demand-led projects respecti
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29 Oct 2012
URA begins property acquisition for Kowloon City Road / Sheung Heung Road project today
The Urban Renewal Authority (URA) today (Monday) issued acquisition offers to property owners of the Kowloon City Road / Sheung Heung Road project in Ma Tau Kok, Kowloon City district. Among others, eligible owner-occupiers of domestic properties affected by the project are offered $10,232 per square foot of saleable area, which is the market value of a notional seven-year-old flat, based on the assessment conducted by independent valuation consultants on 10 October 2012. The acquisition offer for the project was recently approved by the Land, Rehousing and Compensation Committee of the URA on 19 October 2012 after careful deliberations. Property owners are given 60 days to consider and accept the offer upon receiving the offer letters. The Kowloon City Road / Sheung Heung Road project
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26 Oct 2012
URA commences the first industrial building redevelopment pilot scheme project
The Urban Renewal Authority (URA) today (Friday) announced the commencement of the first industrial building redevelopment pilot scheme project in Kennedy Town of Central and Western District, which is undertaken as a prompt response to the call of the Government in February 2012 that there is a need to accelerate the renewal of old industrial areas so as to release more sites for residential or commercial development in Hong Kong. At a media briefing to announce details of the pilot scheme project, the Chairman of the URA, Mr Barry Cheung, said the Financial Secretary, in his budget speech this year, has invited the URA to take part in the redevelopment of industrial buildings in the form of a pilot scheme as many industrial buildings are situated on lots already rezoned for other uses
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24 Sep 2012
New World Development Company Limited wins development of URA’s Sai Yee Street project in Mong Kok
The Urban Renewal Authority (URA) today (Monday) announced that Up Fair Limited, a wholly-owned subsidiary of New World Development Company Limited, has won the contract for the redevelopment of Sai Yee Street project in Mong Kok by tender. The project, with a site area of about 2,478 square metres, is bounded by parts of Sai Yee Street, Nelson Street and Fa Yuen Street and situated in or near the cluster of sports retail outlets in Mong Kok. Upon completion, it is expected to deliver a residential gross floor area of 17,346 square metres providing about 290 residential units. The URA plans to provide about 50 percent of the total number of residential units with a saleable area of or less than 46.5 square metres (i.e. about 500 square feet). The project is also expected to yield a mu
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12 Sep 2012
Tender closes for Sai Yee Street development project in Mong Kok
The Urban Renewal Authority (URA) today (Wednesday) announced that a total of 12 tender offers have been received for the development of Sai Yee Street Project in Mong 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 asked 18 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 2,478 square metres, is bounded by parts of Sai Yee Street, Nelson Street and Fa Yuen Street and situated in or near the cluster of sports retail outlets in Mong Kok. Upon completion, it is expected to deliver a residential gross floor area of 17,346 square metres pr
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3 Sep 2012
URA’s first demand-led redevelopment project in Sham Shui Po achieves major breakthrough
The first demand-led redevelopment project of the Urban Renewal Authority (URA) in Sham Shui Po has achieved a major breakthrough with more than 80 percent of the owners agreeing to sell their properties to URA within the 60-day offer period expiring today (Monday), said the Chairman of the URA, Mr Barry Cheung. At a media conference this afternoon reviewing the implementation of the pilot scheme on demand-led projects, Mr Cheung said the stipulated 80 percent threshold for the project was attained after much hard work by both the property owners and the frontline staff of URA in the past two months. "We are extremely pleased to see that this project, the first being initiated by the owners, is taken forward so that residents' living environment could be improved as they have hoped
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11 Aug 2012
URA Chairman leads volunteer staff to clean up Lamma Island beach
市區重建局（市建局）義工團隊今日（星期六）早上到南丫島索罟灣協助清理膠粒及海灘垃圾。 由市建局職員及家屬組成的義工隊，一向關懷社會，定期走進舊區探訪長者和居民。義工們今早初試啼聲，由市建局主席張震遠率領，到南丫島索罟灣為海灘「洗邋遢」。他們帶備筲箕、手套和鐵桶等工具，清理海灘上不同類型的生活垃圾，包括玻璃碎片、發泡膠、膠樽、棉被和石油氣罐等。 張震遠在清理過海灘垃圾後表示：「當政府有關部門、團體及市民自發到香港多處清理在颱風後散落在海灘、海上及養魚區的大量膠粒時，其實香港海灘上長期堆積著很多生活垃圾，並沒有得到妥善處理，這個問題值得大家深思。」 市建局義工隊希望透過參與海灘清理行動，可幫助減低膠粒散落和海灘垃圾對香港自然環境的影響。 （完）
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10 Aug 2012
Invitation to tender for development of Sai Yee Street project in Mong Kok
The Urban Renewal Authority (URA) today (Friday) invited a total of 18 property developers to tender for the joint development of Sai Yee Street project in Mong Kok. The project, with a site area of about 2,478 square metres, is bounded by parts of Sai Yee Street, Nelson Street and Fa Yuen Street and situated in or near the cluster of sports retail outlets in Mong Kok. Upon completion, it is expected to deliver a residential gross floor area of 17,346 square metres providing about 290 residential units. The URA plans to provide about 50% of the total number of residential units in this project with a saleable area of or less than 46.5 square metres (i.e. about 500 square feet). The project is also expected to yield a multi-level commercial portion with a gross floor area of about 4,9
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7 Aug 2012
URA and HKHS launch subsidy scheme to support mandatory building inspection
The Urban Renewal Authority (URA) and the Hong Kong Housing Society (HKHS) today (Tuesday) announced the launch of a scheme which will provide financial and technical assistance to eligible building owners selected under the Mandatory Building Inspection Scheme (MBIS). Executive Director (Operations & Project Control) of the URA, Mr Calvin Lam, said: "To dovetail the implementation of the MBIS by the Buildings Department (BD), URA and HKHS join hands again to launch the Mandatory Building Inspection Subsidy Scheme (MBISS) with the aim to help owners comply with the new statutory requirements by subsidising the cost of the first building inspection under the MBIS." "URA and HKHS have long been providing assistance and support to owners of old buildings to improve their living conditions.