Press Releases
Year 2012
-
9 Mar 2012
Invitation to tender for development of Site B of Peel Street/Graham Street Project in Central
The Urban Renewal Authority (URA) today (Friday) invited a total of 18 property developers to tender for the development of Site B at Peel Street / Graham Street project in Central. The project comprises a total of three sites known as Site A, Site B and Site C for phased implementation. The first phase, Site B, is bounded by Peel Street, Gage Street and Graham Street covering a site area of about 1,690 square metres. It is planned that Site B will provide a maximum gross floor area of about 17,790 square metres for residential and commercial purposes, together with the provision of public open space. Following the expression of interest exercise which was closed on 3 February 2012, a tender review panel under the URA Board has decided to invite 18 interested property developers for ten
-
27 Feb 2012
Chevalier International Holdings Limited and Golden Code Development Limited win URA Project at Chi Kiang Street/Ha Heung Road in To Kwa Wan
The Urban Renewal Authority (URA) today (Monday) announced that a consortium consisting of Chevalier International Holdings Limited and Golden Code Development Limited has won the contract for the development project at Chi Kiang Street / Ha Heung Road in To Kwa Wan by public tender. The project site is about 930 square metres and upon completion is expected to deliver a total gross floor area of about 8,380 square metres for an estimated total of 116 residential units, together with the provision of commercial space of about 1,400 square metres. The URA plans to provide about 50% of the total number of residential units in this project with a saleable area of about 46.5 square metres, i.e. about 500 square feet. The consortium is one of the 10 tender submissions received for the above
-
27 Feb 2012
URA unveils pricing mechanism for Flat-for-Flat pilot scheme and the modest design concept for Kai Tak flats
The Urban Renewal Authority (URA) today (Monday) issued offer letters to all property owners of the Pak Tai Street/San Shan Road project in Ma Tau Kok for acquiring their property interests. Domestic owner-occupiers will receive information about the Flat-for-Flat (FFF) pilot scheme for a new flat "in-situ" in the new development and in the Kai Tak development at the same time. They are the first batch of owner-occupiers benefiting from the FFF arrangement since the new Urban Renewal Strategy (URS) was promulgated on 24 February 2011. The project was commenced by the Authority on 25 March 2011. Earlier this month, the URA announced that eligible owner-occupiers of domestic properties affected by its Pak Tai Street/San Shan Road redevelopment project would be offered $8,939 per square
-
15 Feb 2012
Tender closes for Chi Kiang Street/Ha Heung Road project in To Kwa Wan
The Urban Renewal Authority (URA) today (Wednesday) announced that a total of 10 tender offers have been received for the development of the Chi Kiang Street / Ha Heung Road project in To Kwa Wan. A tender review panel will consider the tenders received and shortly make recommendation to the URA Board for a decision on the award of a development agreement in respect of this project. Earlier, the URA received 17 submissions expressing an interest in the development of the project; all of them were invited to submit a tender for the development. The project site is about 930 square metres and upon completion is expected to deliver a total gross floor area of about 8,380 square metres for an estimated total of 116 residential units, together with the provision of commercial space of about
-
14 Feb 2012
Property acquisition for Pak Tai Street/San Shan Road project to start soon
The Urban Renewal Authority (URA) today (Tuesday) announced that it would soon make acquisition offers to owners of the Pak Tai Street/San Shan Road project in Ma Tau Kok. Eligible owner-occupiers of domestic properties affected by the project would be offered $8,939 per square foot of saleable area, which is the market value of a notional seven-year-old flat. The acquisition offer for the project was endorsed by the Land, Rehousing and Compensation Committee of the URA after careful deliberations. The Pak Tai Street/San Shan Road project is implemented in accordance with the new Urban Renewal Strategy (URS) which includes the flat-for-flat (FFF) option as an alternative to cash compensation to the domestic owner-occupiers subsequent to the project authorisation. Owners can consider ta
-
10 Feb 2012
URA commences a new redevelopment project in Yau Tsim Mong District
The statutory planning procedures for a new redevelopment project of the Urban Renewal Authority (URA) at Reclamation Street/Shantung Street in Mong Kok commenced today (Friday). This is the 10th redevelopment project being implemented by the URA in Yau Tsim Mong district. At a media briefing this morning, Executive Director (Operations & Project Control) of the URA, Mr Calvin Lam, said the project was undertaken in view of the dilapidated conditions of the majority of the buildings within the project area. While providing synergy of URA's renewal efforts in the district, this project will help some 300 households improve their living environment. "The URA has been contributing to the renewal of the district. Its nine commenced development projects altogether have helped some 3,50
-
3 Feb 2012
Result of Expression of Interest for Development of Site B of Peel Street/Graham Street Project in Central
The Urban Renewal Authority (URA) received a total of 18 Expressions of Interest for the development of Site B at Peel Street / Graham Street project in Central on the closing date today (Friday). A tender review panel under the URA Board will shortlist qualified companies and invite them to submit tenders for the development. The tender exercise will take place in the near future. The Peel Street / Graham Street project comprises a total of three sites known as Site A, Site B and Site C for phased implementation. The first phase, Site B, is bounded by Peel Street, Gage Street and Graham Street covering a site area of about 1,690 square metres. It is planned that Site B will provide a maximum gross floor area of about 17,790 square metres for residential and commercial purposes, togethe
-
1 Feb 2012
URA to carry out pilot scheme in the redevelopment of industrial buildings
The Urban Renewal Authority (URA) welcomes the Government's announcement made by the Financial Secretary in his 2012-13 Budget Speech today (Wednesday) inviting the URA to carry out pilot scheme to redevelop industrial buildings. The URA will take proactive action to implement the initiative which will help release land for residential and commercial development. The URA will carry out one to two redevelopment projects on industrial buildings over the next two years in the form of a pilot scheme. "A special task force to be headed by URA's Managing Director Quinn Law will be set up for this and an implementation plan will be drawn up quickly for our Board's consideration and approval," a spokesman for the URA said. "Additional manpower resources will be allocated for the initiative to
-
18 Jan 2012
Invitation to tender for development of URA's Chi Kiang Street/Ha Heung Road project in To Kwa Wan
The Urban Renewal Authority (URA) today (Wednesday) invited a total of 17 property developers to tender for the joint development of the Chi Kiang Street/Ha Heung Road project in To Kwa Wan. The project site is about 930 square metres and upon completion is expected to deliver a total gross floor area of about 8,380 square metres for an estimated total of 116 residential units, together with the provision of commercial space of about 1,400 square metres. The URA plans to provide about 50% of the total number of residential units in this project with a saleable area of about 46.5 square metres, i.e. about 500 square feet. Following the expression of interest exercise which was closed on 6 January 2012, a tender review panel under the URA Board has decided to invite 17 interested propert
-
16 Jan 2012
Invitation for Expression of Interest for Joint Development of Site B of Peel Street/Graham Street Project in Central
The Urban Renewal Authority (URA) tomorrow (Tuesday) will invite interested parties to submit Expressions of Interest for the joint development of Site B at Peel Street / Graham Street project in Central. The Peel Street / Graham project comprises a total of three sites known as Site A, Site B and Site C to be implemented by phases. The first phase, Site B, is bounded by Peel Street, Gage Street and Graham Street covering a site area of about 1,690 square metres. It is planned to deliver a maximum gross floor area of about 17,790 square metres on Site B for residential and commercial purposes, together with the provision of public open space. Parties interested in the development of Site B of Peel Street / Graham Street project are requested to indicate their development experience an