Press Releases
Year 2008
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20 Aug 2008
Hai Tan Street/Kweilin Street and Pei Ho Street project in Sham Shui Po will begin property acquisition
The Urban Renewal Authority (URA) would issue offer letters to owners of 389 property interests affected by the Hai Tan Street/Kweilin Street and Pei Ho Street project in Sham Shui Po in two weeks. The Land, Rehousing & Compensation Committee of the URA Board has decided today (Wednesday) that eligible owner-occupiers of domestic properties would be offered $5,297 per square foot of saleable floor area. The acquisition offers for domestic properties are based on the Government's Home Purchase Allowance (HPA) policy in which HPA is the difference between the market value of the acquired property and that of a notional seven-year-old flat of similar size in a similar locality. In addition to the market value of the acquired properties, eligible owner-occupiers will receive the full HPA a
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14 Aug 2008
Invitation for Expression of Interest Lee Tung Street / McGregor Street Project in Wan Chai
The Urban Renewal Authority (URA) will invite interested parties to submit expressions of interest in the joint development of Lee Tung Street/McGregor Street project in Wan Chai tomorrow (Friday). The project covers a site area of about 88,500 square feet and upon completion, is expected to deliver a maximum gross floor area of about 835,000 square feet for residential and commercial uses, together with public open spaces, a residential care home for the elderly and conservation of three historical buildings. Parties interested in the project are requested to indicate their development experience and financial capability to undertake the development in accordance with the requirements and criteria set by the Authority. Submission should be made to the URA Headquarters at 10/F, Low
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4 Aug 2008
Focus Discussion: Revitalisation Initiatives for Graham Street Market
A focus meeting to solicit public views on the proposed initiatives for maintaining and enhancing the local character and vibrancy of the market in the vicinity of the Peel Street/Graham Street project of the Urban Renewal Authority (URA) will be held on Thursday (7 August 2008) evening at The Center in Central. A spokesman for the URA said: "We have been soliciting community views on the planning of the Peel Street/Graham Street project since 2005. While the Master Layout Plan of the project has been approved by the Town Planning Board in May 2007, the URA attaches a great deal of importance on maintaining the local features and characters within and in the vicinity of the Peel Street/Graham Street project." A Conservation Advisory Panel comprising experts, District Council members
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28 Jul 2008
Makeover of Graham Street Market
The Urban Renewal Authority (URA) will adopt tactical measures along with the implementation of the Peel Street/Graham Street project in order to keep the nearby century-old market intact as well as to enhance its vibrancy. At a media briefing to announce details of these measures after the URA Board meeting today (Monday), the Chairman of URA, Mr Barry Cheung, said: "These measures are targeted to ensure that business is as usual in the market during the construction of the project and to prevent it from further shrinking as a result of natural gentrification already taking place there." The URA has heard the voices of the community to retain the market when it announced the Peel Street/Graham Street project in 2007. These arrangements are mapped out in response to the aspirations
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25 Jul 2008
Appointment of eleven surveying firms for HPA assessment for Kwun Tong Town Centre project (Chinese only)
1. 目的 市建局為準備今年12月向所有受觀塘市中心重建計劃影響的1,656名業主(包括270多個非住宅業權)提出物業 收購建議，今日以抽籤方式選出及委託合資格的專業測計師行為「七年樓」的呎價估值。此外，市建局已完成公開招標，委託3間專業測計師行為1,300多個受 影響的住宅業權進行個別的估值。有關非住宅業權估值，市建局亦透過相同的招標方式，委託3間專業測計師行對每一個業權開始估值。 2. 住宅物業收購建議 市建局的收購建議是以私人協約方式提出，而定價則以政府的「自置居所津貼」政策為基礎，另加相關費用津貼。「自置 居所津貼」是同類地區一個七年樓齡的假設重置單位的單位價值（即慣稱的「七年樓價」）與被收購物業的市價的差額。出租和非自住業主的住宅物業，則會獲得補 助津貼，根據現行機制，最高金額為「自置居所津貼」的一半。 3. 深化物業評估機制 市建局在聽取觀塘社區人士的意見後，有鑑於受影響的業權數目龐大，決定在現行評估「七年樓價」的機制上，擴闊專業獨立估價意見，使業主們更能安心。由於重建項目規模各有不同，下述安排只適合於觀塘市中心重建項目進行。 參與評估「七年樓」呎價的專業測計師行，會由現時的7間增加至11間，經由公開抽籤方式選出及委任。 參與評估個別住宅及非住宅物業的市值的專業測計師行，分別由現時的2間增加至3間，均經由公開招標委任。 在香港測量師學會現行登記冊內的71間從事物業估價測計師行，只要符合指定的專業經驗、執業年資及職員人數等條件，均可向市建局表達意向參與抽籤，以提供七年樓呎價評估服務。 4. 計算方法 在計算「七年樓」呎價時，市建局會先剔除該11個估價中最高及最低的數值，然後採取簡單平均法計算，以保證數據不會出現過分偏向任何一方。 在釐定個別住宅或非住宅物業的市值時，市建局會在3個估值之中，選取最高者為出價
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18 Jul 2008
Two URA development projects in Ma Tau Kok: authorization by the Secretary for Development
The Secretary for Development has authorized the Urban Renewal Authority (URA) to proceed with the Chi Kiang Street/Ha Heung Road and the Pak Tai Street/Mok Cheong Street development projects in Ma Tau Kok. The authorisation is given under section 24(5) of the Urban Renewal Authority Ordinance (URAO) and is published in the Gazette today (Friday). The implementation of the two projects was first published in the Gazette on 29 February 2008 under section 23(1) of the URAO. This was followed by a two-month consultation period, during which no objections to the development projects were received. The projects were submitted to the Secretary for Development on 5 June 2008 in accordance with section 24(3) of the URAO. One of the projects occupies a corner site abutting Pak Tai Street an
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17 Jul 2008
Century-old Cantonese shophouses revitalisd for adaptive re-use
A row of four Cantonese verandah shophouses at the Johnston Road project of the Urban Renewal Authority (URA) in Wan Chai, including a pawn shop formerly known as "Wo Cheong", have been revitalised for adaptive re-use, standing in harmony with the new development in the neighbourhood. This project exemplifies vividly the possible co-existence of the old and the new in redevelopment if new thinking is adopted. Secretary for Development, Mrs Carrie Lam, and the Chairman of URA, Mr Barry Cheung, today (Thursday) officiated at a ceremony to mark the completion of the URA's first redevelopment cum preservation project at Johnston Road. Speaking at the ceremony, Mr Cheung said, "The Johnston Road project, being a flagship project of the URA, is located at the heartland of old Wan Chai whi
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6 Jun 2008
Kowloon Development Company Limited wins Macpherson Indoor Stadium redevelopment project
The Hong Kong Playground Association (HKPA) and the Urban Renewal Authority (URA) today (Friday) announced that a wholly-owned subsidiary of Kowloon Development Company Limited, Wealth Genesis Limited, has won the bid to implement the Macpherson Indoor Stadium redevelopment project in Mong Kok in a public tender exercise. The project covers a site area of about 26,000 square feet. Upon completion, the project will deliver a new and modern indoor stadium and a youth centre, in addition to about 206,000 square feet of residential and commercial floor area. Kowloon Development Company Limited is one of the three property developers who submitted tenders. HKPA and URA agreed that the offer made by Kowloon Development Company Limited met all tender requirements and, at the same time, repr
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30 May 2008
Tender closes for Macpherson Indoor Stadium redevelopment project in Mong Kok
In response to media enquiries on the tender submissions for the joint development of the Macpherson Indoor Stadium in Mong Kok, the Urban Renewal Authority (URA) and the Hong Kong Playground Association (HKPA) today (Friday) made the following statement: A total of 3 tender offers have been received for the joint venture development of the Macpherson Indoor Stadium in Mong Kok. A tender review panel will consider the tenders and make recommendation to the URA Board for a decision in due course. Among the developers who earlier took part in an expression of interest exercise for the project, 15 were invited to submit a tender. The project covers a site area of about 26,000 square feet. Upon completion, the project will deliver a new and modern indoor stadium and a youth centre, in
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14 May 2008
Invitation to Tender for Macpherson Indoor Stadium redevelopment project in Mong Kok
The Hong Kong Playground Association (HKPA) and the Urban Renewal Authority (URA) today (Wednesday) invited a total of 15 property developers to tender for the joint development of the Macpherson Indoor Stadium redevelopment project in Mong Kok. The project covers a site area of about 26,000 square feet. Upon completion, it is expected to deliver a new and modern indoor stadium and a youth centre, in addition to about 206,000 square feet of residential and commercial floor area. Following the expression of interest exercise which closed on 5 May 2008, 16 submissions were received. A tender review panel under the URA Board has decided to invite 15 of the interested parties for tender, after taking into consideration their experience and financial strength to undertake the development i