Building rehabilitation is an important segment of urban renewal and also URA's core business. The URA works with property owners, the Government and other partners to prevent the decay of the built environment by promoting and facilitating proper repair and maintenance of buildings. Rehabilitation will extend the useful life of buildings to slow down the pace of urban decay and offers speedy improvement to the living conditions of people in-situ. To this end, the URA has introduced a comprehensive range of assistance including material incentives and loan schemes since 2004 to encourage owners to undertake proper maintenance of buildings.
A comprehensive Integrated Building Maintenance Assistance
Scheme has been introduced since 1 April 2011 to encompass four
major areas of assistance: subsidy for formation of Owners'
Incorporation, subsidy and interest-free loan for works in common
area and home renovation interest-free loan.
The URA provides one-stop and user-friendly service for owners in need of assistance. These include setting up a hotline service and resource centres, and providing advice on colour scheme designs and technical assistance.
Benefits to Owners
- Living Environment Improvement
- Assets Appreciation
Your building is in a prime and busy location. If owners can unite to rehabilitate the buildings, your assets will appreciate again.
- Reduction of Chance of Accidents
Building rehabilitation will reduce chance of accidents and lower third party liability.
Details of Third Party Risks Insurance Subsidy