This web page briefly outlines
the Urban Renewal Authority ("URA")'s principles in the acquisition of
properties (other than Industrial Properties) from owners affected by URA's
urban renewal projects.
A building in single ownership is valued either on (i) its
existing use value plus ex-gratia allowances for shops and HPA/SA and incidental
cost allowance for domestic units in multiple ownership (whichever is
applicable) or (ii) its redevelopment value (assuming redevelopment of the
building on its own) plus an ex-gratia allowance of 5%, whichever is
higher.
Other Related Topics:
This web page is issued for the purpose of general reference
only. The information contained herein is with reference to the principles and
practice of the Urban Renewal Authority prevailing at the date of issue of this
web page. It shall not constitute any representation on the part of the Urban
Renewal Authority or give rise to any expectation whatsoever and shall not be
relied on as such. Each case will be considered on its own merits having regard
to all factors and circumstances. The terms of acquisition to be offered are
subject to the principles and practice of the Urban Renewal Authority prevailing
at the time the offer of acquisition is made and are subject to review from time
to time as the Urban Renewal Authority shall at its absolute discretion consider
appropriate. The Urban Renewal Authority's right to add to, amend or delete the
whole or any part of this web page is hereby reserved.
