Press Releases
Year 2025
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23 Oct 2025
URA Fully Supports 2025 Legislative Council General Election
The Urban Renewal Authority (URA) fully supports the 8th Legislative Council General Election (the General Election) scheduled for 7 December, 2025. The upcoming General Election is the second since the improvement of the electoral system of the SAR and is vital for promoting Hong Kong’s development, economic growth and enhancing people’s livelihood. As a statutory body committed to advancing urban renewal and upholding corporate social responsibility, the URA will promote and encourage its staff members and their families to vote on election day through various means. This supports their civic rights and obligations and demonstrates commitment to Hong Kong’s development by electing candidates who can effectively represent them. The SAR's improved electoral system makes the Legis
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3 Oct 2025
Re-appointment of Executive Director of URA
The Urban Renewal Authority (URA) today (3 October 2025) welcomes the Government’s re-appointment of Ms Carolin Fong Suet-yuen as the Executive Director of the Urban Renewal Authority (URA) for another term of three years with effect from today. Ms Fong will continue to take up the position of Executive Director (Operations), supporting the URA Managing Director in the formulation and implementation of policies and initiatives on building rehabilitation, acquisition and clearance, works and contract, and legal matters. The URA Chairman, Mr Chow Chung-kong, said, “Over the past three years, Carolin has made substantial contributions to the advancement of redevelopments and promotion of rehabilitation of buildings in older districts. She has played a key role in promoting sustainabilit
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26 Sep 2025
URA Issues Acquisition Offers to Property Owners of Two Redevelopment Projects in To Kwa Wan
The Urban Renewal Authority (URA) today (26 September 2025) issued acquisition offers to property owners affected by two redevelopment projects in To Kwa Wan, Kowloon City – Ming Lun Street / Ma Tau Kok Road Development Scheme (KC-018*) and To Kwa Wan Road / Ma Tau Kok Road Development Scheme (KC-019*). Eligible owner-occupiers of domestic properties of the KC-018 will be offered $13,891 per square foot of saleable area, which is the unit rate of a seven-year-old notional replacement flat situated in the same locality (Notional Unit Rate). In addition, eligible domestic owner-occupiers of KC-018 will be offered a purchase right of “Flat-for-Flat” unit in the future development to be constructed on the Project site of KC-018 as an additional option to cash compensation. The Notiona
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17 Sep 2025
Responses by URA to 2025 Policy Address
In response to the announcement made by the Chief Executive in the 2025 Policy Address today (17 September 2025) on adopting a new mindset in urban renewal by exploring the utilisation of newly developed land to take forward the redevelopment of the older urban districts, a spokesperson for the Urban Renewal Authority (URA) said that the URA welcomes these initiatives and will fully support their implementation. The spokesperson remarked that the Government has been supporting the URA in implementing urban renewal efforts, including the new planning tool for plot ratio transfer recommended by the District Study for Yau Ma Tei and Mong Kok, which was promulgated through the issuance of guidelines by the Town Planning Board allowing the transfer of unutilised plot ratio within the same di
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15 Sep 2025
"Backstreet Alliance – The Local’s Guide to Kowloon City" Kicks Off, Collaborative Effort to Promote Local Economy and Character
Jointly organised by the Hong Kong Small and Medium Enterprises Association (HKSME), the Urban Renewal Authority (URA), and CLP Power Hong Kong Limited (CLP Power), the “Backstreet Alliance – The Local’s Guide to Kowloon City” was officially launched today (15 September) at Kowloon City Plaza. The initiative brings together over 60 restaurants and shops from the Kowloon City district to provide a rich and immersive experience that combines heritage tours, cultural storytelling, iconic movie scenes, Augmented Reality (AR) technology interactions, low-carbon initiatives promotion, and merchant offers to both locals and tourists. It also aims at promoting the district’s economic and cultural development. The launch ceremony was officiated by Mr Algernon Yau, Secretary for Commerce and Ec
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10 Sep 2025
The Launch of the 59 Units of URA’s Kai Tak Development Sold out on First Day of Sale
The Urban Renewal Authority (URA) launched 59 units of its Kai Tak Development (the Project) for open market sale last month, which garnered an overwhelming market response. Prior to the sale, the URA received approximately 1,700 Registrations of Intent, representing an oversubscription of about 28 times. All units were sold out on the first day of sale (30 August 2025), and will be handed over to the owners in batches this December. Located in the Kai Tak Development Area (KTDA), the Project is the URA’s first self-developed residential project. The sold units, ranging from 442 to 675 square feet, primarily offered two and three bedrooms. Demand was strongest for the three-bedroom units, which were all sold before noon on the first day of sale. Statistics indicate that nearly 30
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5 Sep 2025
URA’s Ma Tau Wai Road / Lok Shan Road Development Project Authorised by the Secretary for Development
The Secretary for Development (SDEV) has authorised the Urban Renewal Authority (URA) to proceed with the Ma Tau Wai Road / Lok Shan Road Development Project (the Project*) in Kowloon City district. A Gazette notice of this development project under the Urban Renewal Authority Ordinance (URAO) was published today (5 September 2025). During the two-month publication period after the commencement of the Project on 9 August 2024, the URA received submissions of general comments and objections which were considered in accordance with the provisions of the URAO. The URA submitted the Project, an assessment on the likely effect of the implementation of the Project, the unwithdrawn objections to the Project and the URA’s deliberations on the objections to the SDEV for consideration on 7 Janu
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4 Sep 2025
URA Issues Acquisition Offers to Property Owners of Queen’s Road West / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) today (4 September 2025) issued acquisition offers to property owners affected by Queen’s Road West / Kwai Heung Street Development Project (the Project*). Eligible owner-occupiers of domestic properties of the Project will be offered $18,674 per square foot of saleable area, which is the unit rate of a seven-year-old notional replacement flat situated in the same locality (Notional Unit Rate). In addition, eligible domestic owner-occupiers of the Project will be offered a “Flat-for-Flat” unit in the future development to be constructed on the Project site as an alternative to cash compensation. The Notional Unit Rate was determined in accordance with the URA’s existing acquisition policy which was first established in 2001. Seven independent consult
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25 Aug 2025
URA and HKBU Establish Strategic Collaboration Seeking to Promote Development of Northern Metropolis University Town
Following the signing of Memorandums of Understanding (MOU) with The Hong Kong University of Science and Technology in June, and with City University of Hong Kong on Tuesday, 19 August 2025, the Urban Renewal Authority (URA) today (25 August 2025) established a strategic collaboration with The Hong Kong Baptist University (HKBU) on the Kwun Tong Town Centre 2.0 project (KTTC 2.0, or the Project). In just over two months, the URA has formed cooperation frameworks with three local universities to optimise the spatial utilisation of KTTC 2.0, underscoring the recognition by Hong Kong's higher education sector of the Project’s development potential. It also highlights how the Project expands and elevates the benefits of urban renewal from the neighbourhood district level to the sphere of
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19 Aug 2025
URA and CityUHK Sign Memorandum of Understanding
The Urban Renewal Authority (URA) and City University of Hong Kong (CityUHK) signed a Memorandum of Understanding (MOU) today (19 August 2025), establishing a co-operative intent and framework for CityUHK to expand its off-campus space in the non-domestic portion of the URA’s Kwun Tong Town Centre 2.0 project (KTTC 2.0, or the Project) upon its completion. This MOU represents the second agreement of its kind executed with a local higher education institution, following the collaboration intent established with The Hong Kong University of Science and Technology in June of this year. The MOU was signed by Managing Director of URA, Ar Donald Choi, and Provost and Deputy President of CityUHK Professor Lee Chun-sing. Under the co-operative framework, CityUHK intends to take up certain non