Press Releases
Year 2025
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19 Feb 2025
Invitation for Expression of Interest – URA’s Shantung Street / Thistle Street Development Scheme
The Urban Renewal Authority (URA) will invite developers and consortia to submit an Expression of Interest (EOI) to develop the Shantung Street / Thistle Street Development Scheme (YTM-012 Project) in Kowloon tomorrow (20 February 2025). The URA launched the pilot Development Facilitation Services (DFS) for YTM-012 Project in January 2025. Prior to the tendering process, DFS provided a platform to present the features and background information of YTM-012 to interested developers, allowing them more time to understand the project details. Interested developers were given the opportunity to express their views on YTM-012 Project as needed. The URA has collected quite a number of opinions from DFS which have been analysed. Covering a site area of 2,475 square metres[1], YTM-012 Pr
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3 Feb 2025
URA Issues Acquisition Offers to Property Owners of Kau Pui Lung Road / Chi Kiang Street Development Scheme
The Urban Renewal Authority (URA) today (3 February 2025) issued acquisition offers to property owners of its Kau Pui Lung Road / Chi Kiang Street Development Scheme (the Project*), the second pilot project in Kowloon City to redevelop buildings under the Civil Servants’ Co-operative Building Society (CBS) Scheme. The redevelopment of CBS buildings involves a range of processes, including the dissolution of CBSs, modification of the Government lease, assigning flats to ex-CBS members, and setting up owners’ corporations by ex-CBS members. Upon acquiring the titles of the CBS flats, the ex-CBS members are obliged to pay land premium to the Government to remove the alienation restrictions before their flats can be disposed in the open market. The URA will acquire the CBS properties aft
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24 Jan 2025
URA Recognises the Volunteer Docents of “Touring Central with Locals” and Announces Extension Activities
The Urban Renewal Authority (URA) held a ceremony today (24 January 2025) to recognise the volunteer docents of the “Touring Central with Locals” (volunteer docents) under the “City Walk” Programme in Central and Sheung Wan. It also announced various collaborations with the business and tourism sectors as extension activities of “Touring Central with Locals” to further boost tourism in Central and Sheung Wan, injecting new vitality into the community. Held at the Central Market, the appreciation ceremony was officiated by Under Secretary for Culture, Sports and Tourism Mr Raistlin Lau, URA Managing Director Ir Wai Chi-sing, District Officer (Central and Western) Mr David Leung Chee-kay, Territorial Commander of The Salvation Army Hong Kong and Macau Territory Colonel Philip Maxwell and
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9 Jan 2025
URA Responds to PCPD’s Investigation Report
The Urban Renewal Authority (URA) noted that the Office of the Privacy Commissioner for Personal Data, Hong Kong (PCPD) has completed its investigation and issued an investigation report (the Report) today (9 January 2025) on a security incident involving a cloud server platform (the Incident) reported by the URA on 13 May 2024. The URA will study the Report in details and take appropriate follow-up actions. The URA acknowledged the investigation findings of PCPD and agreed that had the URA’s technical staff timely updated the version of the software of the e-Form Platform, and used the most updated version when designing the e-forms, or had sufficient knowledge on the setting for “data sharing” of the e-Form software and the cloud platform, the Incident would not have occurred. Sin
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2 Jan 2025
URA Signs HK$13 Billion Bank Loan Facilities
The Urban Renewal Authority (URA) announced today (2 January 2025) the successful signing of a five-year Facility Agreement amounting to HK$13 billion. The facilities, which consist of a term loan and a revolving credit facility, provide the URA with the financial flexibility to execute its projects and capital improvement plans efficiently. The consortium of participating banks includes Industrial and Commercial Bank of China (Asia) Limited as Coordinator, Mizuho Bank, Ltd. Hong Kong Branch as Agent, Agricultural Bank of China Limited Hong Kong Branch, Bank of China (Hong Kong) Limited, Bank of Communications, Hong Kong Branch, China Development Bank, Hong Kong Branch, CMB Wing Lung Bank, DBS Bank Ltd Hong Kong Branch, Hang Seng Bank Limited, The Hong Kong and Shanghai Banking Corporat