FAQ




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What procedures will the Urban Renewal Authority (URA) take to acquire a property? How does the URA calculate the acquisition price? When implementing new redevelopment projects, the URA will appoint seven valuation consultant firms for advice before arriving at the HPA of the domestic properties. Could you please explain the details? As the calculation of the market value of a property is based on the saleable area, what is meant by "saleable area"? How does the URA compensate owner of a property which is partially owner-occupied and partially tenanted? Will the family income affect the acquisition price? How does the URA calculate the compensation for owner of a building in single ownership? What will be the compensation and rehousing arrangements for rooftop interests? Could the URA raise the amount of down payment to assist owners to pay the down payment for acquiring replacement flats? Will a change of ownership affect the compensation offered by the URA? In respect of the calculation of the HPA and SA, property occupied by an owner's immediate family members will be treated the same as being occupied by the owner. How does the URA define "immediate family members"? How does the URA calculate the HPA for a property with joint ownership? How does the URA compensate owner-occupiers of ground floor shops? Does an owner who pay more rates get more compensation? The headroom of my property is large and a cockloft is added to increase the area. How does the URA calculate the compensation for cocklofts? Will there be any compensation for the cockloft if it is not included in the building plan? My property is situated on the top floor and the property interest includes the rooftop. The rooftop has been tenanted for many years, how does the URA calculate the acquisition offer? I am an owner-occupier affected by a redevelopment project of the URA and have agreed to sell my property to the Authority. When can I get the compensation? Can URA extend the deadline for delivering vacant possession so that I can have enough time to look for a replacement flat? According to the acquisition policy of the URA, the ex-gratia allowance for owner-occupied non-domestic property is 35% of its market value. An owner-occupier may also claim for business loss, as an alternative to the above allowance, if he so chooses. Which heads of claim may include in the business loss? What kind of documents do I need to submit in order to substantiate my claim? How does the URA compensate properties in the basement? Is there any difference between the compensation for basement and that for ground floor shops? If a basement is used for domestic purpose, how does the URA calculate its compensation? If the Government decides to resume the property interests in a redevelopment area in accordance with the Lands Resumption Ordinance, what procedures will it take? How will the residents be compensated?


	FAQ - Tenants

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Last Update at : 21/07/2005