Press Releases
Year 2022
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16 Nov 2022
Invitation to Tender for URA’s Kwun Tong Town Centre Development Areas 4 & 5 Project
The Urban Renewal Authority (URA) today (16 November 2022) invites a total of 19 developers / consortia to tender for the development of the Kwun Tong Town Centre Development Areas 4 & 5 Project (the Project). The URA will provide the relevant tender documents to the invited developers / consortia, based on which they can submit tenders for the development of the Project. All tender submissions should reach the URA Headquarters at 27/F COSCO Tower, 183 Queen’s Road Central, by 12:00 noon on 11 January 2023 (Wednesday). Any submission of the tender received after the specified closing time mentioned above will not be accepted. The tender review panel will consider the tenders received and then make a recommendation to the URA Board for its decision on the award of the development of
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27 Oct 2022
Tender Award for Development of URA’s Wing Kwong Street / Sung On Street Development Project
The Urban Renewal Authority (URA) announced today (27 October 2022) that the contract for the development of the Wing Kwong Street / Sung On Street Development Project (the Project) in To Kwa Wan has been awarded to a consortium, Fortune Hope Limited, consisting of Sino Land Company Limited and China Merchants Land Limited, with a tender amount at HK$2,388 million. The URA earlier invited 31 developers / consortia to submit tenders for the Project following an expression of interest exercise. The URA received a total of seven tenders from these 31 developers / consortia when the submission of tender closed on 6 October 2022. After careful deliberation, the URA Board considered that the tender offer made by Fortune Hope Limited has met the tender requirements of the Project and thus
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25 Oct 2022
Invitation to Tender for URA’s Queen’s Road West/ In Ku Lane Development Project
The Urban Renewal Authority (URA) today (25 October 2022) invites a total of 32 developers to tender for the development of the Queen’s Road West/ In Ku Lane Development Project (the Project) in Sai Ying Pun. The URA will provide the relevant tender documents to the invited developers, based on which they can submit tenders for the development of the Project. All tender submissions should reach the URA Headquarters at 26/F COSCO Tower, 183 Queen’s Road Central, by 12:00 noon on 24 November 2022 (Thursday). Any submission of the tender received after the specified closing time mentioned above will not be accepted. The tender review panel will consider the tenders received and then make a recommendation to the URA Board for its decision on the award of the development of the Project.
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22 Oct 2022
“Move ‘n’ Roll Beyond Barrier” Floor Curling Competition Sets World Record for UN’s Sustainable Development Goal of Fostering Inclusiveness Among People of All Ages and Abilities
Organised by the Urban Renewal Authority (URA) and co-organised by the Floor Curling Association of Hong Kong (FCAHK) and the Hong Kong Playground Association (HKPA), the “Move ‘n’ Roll Beyond Barrier” event drew to a climactic conclusion with the “Floor Curling Fun for All Cup Final” and Closing Ceremony held on 22 October 2022 at the MacPherson Stadium. As a joint effort to celebrate the 25th Anniversary of the Establishment of the Hong Kong Special Administrative Region (HKSAR), the URA organised this four-month event to set a world record for one of the United Nations' (UN) Sustainable Development Goals (SDG)[1], and by clocking 9,500 man-times from participating in floor curling, the event accomplished the goal of offering social and inclusive experiences for people of all ages and a
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19 Oct 2022
Responses by URA to 2022 Policy Address
In response to the announcement made by the Chief Executive in the 2022 Policy Address today (19 October 2022) on the new initiative to uplift the borrowing limit of the Urban Renewal Authority (URA) in the forthcoming years by phases, with regard to its financial situation and the market environment, a spokesperson for the URA said the URA welcomes the new initiative that will enable the URA to increase its financial resources to press ahead renewal works in old districts, thereby promoting Hong Kong’s sustainable urban renewal. The spokesman said that in the advent of cash shortfall, the URA will commence necessary preparation works for seeking external financing, which include the submission of proposal of the URA’s borrowing limit in its draft 5-Year Corporate Plan to the Financial
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14 Oct 2022
URA Further Extends Rent Relief Period for Its Tenants
In view of the ongoing impact brought by COVID-19 pandemic to the economy, the Urban Renewal Authority (URA) announces today (14 October 2022) to further extend the rent relief for its domestic and commercial tenants in its properties for another three months, from October 2022 until the end of December 2022, in a bid to assist the URA’s tenants in the face of current economic challenges amid the pandemic to sustain their businesses. The URA’s rent relief measures for its tenants have been in place since April 2020. The cumulative amount of rent concession provided earlier together with the budget earmarked for the upcoming round of measures will reach around HK$225 million. The new round of rent relief will benefit over 1,200 domestic and commercial tenants. The measures include:
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7 Oct 2022
URA Commences Two Redevelopment Projects in To Kwa Wan to Create a Vibrant Harbourfront through Effective Planning
The Urban Renewal Authority (URA) today (7 October 2022) commences the statutory planning procedures for two redevelopment projects in To Kwa Wan. By adopting a “planning-led, district-based” urban renewal approach to regenerate the built environment of the old district, a holistic plan will be formulated to restructure and re-plan the land uses of the area to improve the living environment of the residents. In the meantime, the redevelopment will also improve the connectivity of To Kwa Wan with the Kai Tak Development Area and create a vibrant harbourfront, bringing greater planning benefits to the community. There are a large number of aged buildings in the older area of Kowloon City where residents and stakeholders have expressed their requests for a better road network, living env
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6 Oct 2022
Seven Tenders Received for URA’s Wing Kwong Street / Sung On Street Development Project
The Urban Renewal Authority (URA) received a total of seven tenders for the development of the Wing Kwong Street / Sung On Street Development Project (the Project) in To Kwa Wan when the invitation for submission of tender closed today (6 October 2022). A tender review panel (TRP) under the URA Board will consider the tenders received and make recommendation to the URA Board for its decision on the award of the development of the Project. The URA earlier invited interested developers / consortia to submit Expressions of Interest for the Project. After careful consideration of the Expressions of Interest received, the TRP invited 31 developers / consortia to submit tenders. The Project, which covers a site area of 2,876 square metres, was commenced in June 2018. Upon completion,
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27 Sep 2022
33 Expressions of Interest Received for Development of URA’s Queen’s Road West/ In Ku Lane Development Project
The Urban Renewal Authority (URA) received a total of 33 Expressions of Interest for the development of the Queen’s Road West/ In Ku Lane Development Project (the Project) in Sai Ying Pun when the invitation for submission closed today (27 September 2022). A tender review panel under the URA Board will shortlist the qualified developers from the submissions, taking into consideration their development experience and financial capability to undertake the development of the Project in accordance with the shortlisting criteria set by the tender review panel. Based on the principal tender terms approved by the URA Board, shortlisted developers will be invited to submit tenders for the development of the Project. The Project, which covers a site area of 1,566.7 square metres, was commenc
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14 Sep 2022
URA Publishes Tender Amounts of Unsuccessful Submissions for Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) today (14 September 2022) published on an anonymous basis the tender amounts offered by the unsuccessful but conforming tenderers in the tender for the development of Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun. The URA commenced the tender exercise of the Project earlier and a total of nine tenders were received when the tender closed on 11 July 2022. After careful deliberation by the URA Board, the URA awarded the tender for the Project to Mega Source Global Limited, a wholly-owned subsidiary of Far East Consortium International Limited, on 4 August 2022. In addition to publishing the name of the successful tenderer and its holding company upon the award of the tender through a press release, the URA also dis