Press Releases
Year 2022
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9 Sep 2022
Invitation for Expressions of Interest for Development of URA’s Queen’s Road West / In Ku Lane Development Project
The Urban Renewal Authority (URA) will invite interested developers to submit Expressions of Interest (EOI) for the development of the Queen’s Road West / In Ku Lane Development Project (the Project) in Sai Ying Pun next Tuesday (13 September 2022). The Project, which covers a site area of 1,566.7 square metres, was commenced in March 2018. Upon completion, it is planned to provide a total gross floor area of about 11,290 square metres. The Project aims to rationalise the land uses and layout within the area by re-planning the public open space to improve the connectivity, accessibility and built environment. The existing In Ku Lane Refuse Collection Point, public toilet, and public open space, which will be re-provisioned in-situ and integrated within the future development, will
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7 Sep 2022
24 Expressions of Interest Received for Development of URA’s Kwun Tong Town Centre Development Areas 4 & 5 Project
The Urban Renewal Authority (URA) received a total of 24 Expressions of Interest for the development of the Kwun Tong Town Centre Development Areas 4 & 5 Project (the Project) when the invitation for submission closed today (7 September 2022). A tender review panel under the URA Board will shortlist the qualified developers / consortia 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 / consortia will be invited to submit tenders for the development of the Project. The Kwun Tong Town Centre Project is the URA’s largest single re
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6 Sep 2022
Invitation to Tender for URA’s Wing Kwong Street / Sung On Street Development Project
The Urban Renewal Authority (URA) today (6 September 2022) invites a total of 31 developers / consortia to tender for the development of the Wing Kwong Street / Sung On Street Development Project (the Project) in To Kwa Wan. The URA will provide the relevant tender documents to the invited developers / consortia, based on which they can submit tenders for the development. All tender submissions should reach the URA Headquarters at 26/F COSCO Tower, 183 Queen’s Road Central, by 12:00 noon on 6 October 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 t
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9 Aug 2022
31 Expressions of Interest Received for Development of URA’s Wing Kwong Street / Sung On Street Development Project
The Urban Renewal Authority (URA) received a total of 31 Expressions of Interest for the development of the Wing Kwong Street / Sung On Street Development Project (the Project) in To Kwa Wan when the invitation for submission closed today (9 August 2022). A tender review panel under the URA Board will shortlist the qualified developers / consortia from the submissions, taking into consideration their development experience and financial capability to undertake the development 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 / consortia will be invited to submit tenders for the development of the Project. The Project, which covers a site area of 2,876 square metres, was c
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9 Aug 2022
Invitation for Expressions of Interest for Development of URA’s Kwun Tong Town Centre Development Areas 4 & 5 Project
The Urban Renewal Authority (URA) will invite interested developers / consortia to submit Expressions of Interest (EOI) for the development of the Kwun Tong Town Centre Development Areas 4 & 5 Project (The Project) tomorrow (10 August 2022). The Kwun Tong Town Centre Project is the URA’s largest single redevelopment project ever, with a phased redevelopment of five areas. The Project, being the last phase of the redevelopment, covers a site area of 25,595 square metres. Upon completion, it will provide a maximum total gross floor area (GFA) of 201,220 square metres. The Project will provide an iconic building complex with Government facilities and commercial development, not only enhancing the livelihood and economic vitality in the heart of Kwun Tong, but also serving as a new civi
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4 Aug 2022
Tender Award for URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) announced today (4 August 2022) that the contract for the development of Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun has been awarded to Mega Source Global Limited, a wholly-owned subsidiary of Far East Consortium International Limited, with a tender amount at HK$1,240 million. The URA earlier invited 34 property developers to submit tenders for the Project following an expression of interest exercise. The URA received a total of nine tenders from these 34 property developers when the submission of tender closed on 11 July 2022. After careful deliberation, the URA Board considered that the tender offer made by Mega Source Global Limited has met the tender requirements of the Project and thus decided to award
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25 Jul 2022
Invitation for Expressions of Interest for Development of URA’s Wing Kwong Street / Sung On Street Development Project
The Urban Renewal Authority (URA) will invite interested property developers/ consortia to submit Expressions of Interest (EOI) for the development of the Wing Kwong Street / Sung On Street Development Project (the Project) in To Kwa Wan tomorrow (26 July 2022). The Project, which covers a site area of 2,876 square metres, was commenced in June 2018. Upon completion, it is planned to provide a maximum total gross floor area of 25,884 square metres. The successful property developer/ consortium will be required to construct the new development in compliance with the requirements of the master design control of To Kwa Wan district in Kowloon City as set out in the development agreement (the Agreement) of the Project to create synergy with adjoining development projects of the URA, all
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11 Jul 2022
Nine Tenders Received for URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) received a total of nine tenders for the Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun when the invitation for submission of tender closed today (11 July 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 property developers to submit Expressions of Interest for the Project. After careful consideration of the Expressions of Interest received, the TRP invited 34 property developers to submit tenders. The Project, which covers a site area of 1,077.3 square metres, was commenced in July 2017. Upon completion, it is planned to provide
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29 Jun 2022
URA Issues Acquisition Offers to Property Owners of To Kwa Wan Road / Wing Kwong Street Development Scheme
The Urban Renewal Authority (URA) today (29 June 2022) issued acquisition offers to property owners affected by the To Kwa Wan Road / Wing Kwong Street Development Scheme (the project) in Kowloon City. Eligible owner-occupiers of domestic properties of the project will be offered $17,798 per square foot of saleable area, which is the unit rate of a seven-year-old notional replacement flat situated in the same locality (“Notional Unit Rate”). The Notional Unit Rate was approved by the Land, Rehousing and Compensation Committee (LRCC) of the URA Board. In line with the established mechanism, the URA appointed seven independent consultancy firms by open ballot to assess the Notional Unit Rate for the project. The Notional Unit Rate was assessed by independent surveyors in June, based on
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24 Jun 2022
URA’s Kim Shin Lane/ Fuk Wa Street Development Project: Authorisation by the Secretary for Development
The Secretary for Development (SDEV) has authorised the Urban Renewal Authority (URA) to proceed with the Kim Shin Lane/ Fuk Wa Street Development Project (the Project) in Sham Shui Po, which is published in the Gazette today (24 June 2022). Commenced earlier on 24 September 2021, the Project was implemented by way of a development project in accordance with the Urban Renewal Authority Ordinance (URAO). During the following two-month publication period, the URA received submissions of general comments and objections. Upon consideration of the comments and deliberation on the objections, the URA submitted the Project, along with the URA’s deliberations on the objections, to SDEV for consideration on 22 February 2022 in accordance with the URAO. SDEV has duly considered the URA’s submi