On 25 July 2008, URA arranged balloting exercise for the appointment of 11 valuers for the assessment of unit rate of the notional replacement flat of 7 years old ("Notional Unit Rate")for calculating HPA for the Kwun Tong Town Centre ("KTTC") Redevelopment Project. 

11 valuers for the assessment of the Notional Unit Rate were appointed after an open and fair balloting exercise.

The balloting exercise was held in URA's Hip Wo Street Office.  Ms. Ann So, Vice-chairlady, Kwun Tong District Council, Mr. Nelson Chan, Kwun Tong District Councilor, and Mr. Francis Leung, Senior Vice President, The Hong Kong Institute of Surveyors had kindly consented to officiate at the event.

There were 5 domestic owner representatives invited to pick several names of valuers:

• Mr. Chui Wai, Chairman, Alliance of Kwun Tong's Urban Renewal
• Ms. Lau Ka-ying, Chairlady, Owners' Corporation of Yue Man Mansion
  (Transliteration)
• Mr. Wong Muk-fai, Treasurer,  Owners' Corporation of Hing Shun Mansion
  (Transliteration)
• Mr. Cheng Kwai-hai, Treasurer,  Owners' Corporation of Mido Mansion (Transliteration)
• Ms. Li Wai-keung, Chairlady, Owners' Corporation of Gee Chang House
  (Transliteration)

3 observers were invited by URA to observe the whole balloting process. They are:

• Mr. Lau Ting-on, Kwun Tong District Councilor
• Mr. Lui Tung-hai, Kwun Tong District Councilor
• Ms. Pauline Wong, District Officer, Kwun Tong District Office, Home Affairs Department

Guests witnessed the balloting exercise and the following 11 valuers were confirmed:

• Ian Cullen & Associates
• Larry H.C. Tam & Associates Limited
• Fotton Surveyors Limited
• Albert So Surveyors Limited
• Landscope Surveyors Limited
• Multiple Surveyors Limited
• Centaline Surveyors Limited
• Prudential Surveyors International Limited
• Vigers Appraisal and Consulting Limited
• Lawson David & Sung Surveyors Limited
• A.G. Wilkinson & Associates (Surveyors) Limited

Name of valuers were drawn by domestic owner representatives randomly

Group photo after balloting exercise

On 31 July 2008, URA invited residents and representatives of 11 valuers to attend a briefing about the assessment of the Notional Unit Rate for KTTC Redevelopment Project.

URA explained the assessment of the Notional Unit Rate for KTTC Redevelopment Project to guests.