Press Releases
Year 2025
-
6 Jun 2025
URA Welcomes Decision to Grant Two Sites for Urban Renewal Purpose
The Urban Renewal Authority (URA) today (6 June 2025), welcomes the Executive Council’s decision to approve the recommendation made by the Development Bureau to grant two sites, one in Bailey Street, Hung Hom and the other in Tseung Kwan O Area 137 (TKO Site), to the URA by private treaty at nominal land premium. A spokesman for the URA said, “The decision represents the Government’s strong support to the URA in enhancing its financial capability to maintain the sustainability of urban renewal by way of, among others, providing suitable land to the URA to increase its usable resources, an initiative in The Chief Executive’s 2023 Policy Address.” With a view to enhancing financial sustainability amidst adverse market condition, the URA has taken a number of measures to maintain a fina
-
3 Jun 2025
URA and HKUST Sign Memorandum of Understanding
The Urban Renewal Authority (URA) and The Hong Kong University of Science and Technology (HKUST) signed a Memorandum of Understanding (MOU) today (3 June 2025), establishing a co-operative intent and framework for the HKUST to expand its off-campus education and research 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. The MOU was signed by Managing Director of URA, Ir Wai Chi-sing, and Vice-President for Development of HKUST, Ir John Kwong. Under the co-operative framework, HKUST intends to take up certain non-domestic portion of the Project, upon completion, either through purchase or other means, to support its development needs. The additional off-campus space will help achieve the development goals of
-
30 May 2025
“Urban Renewal Design Ideas Competition – The District Study for Yau Ma Tei and Mong Kok” Jointly Organised by URA and HKIA is Open for Registration
The Urban Renewal Authority (URA) and the Hong Kong Institute of Architects (HKIA) jointly organised the “Urban Renewal Design Ideas Competition – The District Study for Yau Ma Tei and Mong Kok”, which is open for registration from today (30 May 2025). The deadline for registration is 15 July 2025. The competition builds on the findings of the District Study for Yau Ma Tei and Mong Kok (the Study), conducted by the URA between 2017 and 2021. The Study aims to develop strategies to transform the area into a liveable, sustainable, diverse and vibrant metropolitan hub. Participants are encouraged to leverage the new planning tools and insights as recommended by the Study to create design that align with this vision. The key objective of the competition is to make urban planning and r
-
29 May 2025
URA Welcomes Appointment of Donald Choi Wun-hing as Managing Director
The Urban Renewal Authority (URA) today (29 May 2025) welcomes the Government's appointment of Mr Donald Choi Wun-hing as Managing Director of the URA for a term of three years with effect from 15 June 2025. The Chairman of the URA, Mr Chow Chung-kong, said, "Mr Choi is a professional architect and business executive with over 40 years of experience in the field of architecture and property development. His achievements over the years are highly regarded. Mr Choi has also been active in community services, holding multiple roles in professional bodies and NGOs in the areas of architecture, innovation and the community. The URA is a statutory body tasked with improving Hong Kong’s living conditions and built environment by regenerating old urban areas. I am confident that Mr Choi w
-
23 May 2025
Tender Award – URA’s Shantung Street / Thistle Street Development Scheme
The Urban Renewal Authority (URA) announced today (23 May 2025) that the contract for the development of the Shantung Street / Thistle Street Development Scheme (YTM-012 Project) in Kowloon has been awarded to Maxjet Company Limited, a wholly-owned subsidiary of China Overseas Land & Investment Limited, for a tender amount of HK$860.68 million. The URA earlier invited developers to submit tenders for the development of YTM-012 Project. A total of six tenders were received upon the expiry of the deadline for submission on 13 May 2025. After careful deliberation of the tender proposals received, the tender review panel (TRP) under the URA Board recommended awarding the development contract to Maxjet Company Limited. The URA Board, having considered the recommendation provided by the TR
-
13 May 2025
Six Tender Submissions Received for the URA’s Shantung Street / Thistle Street Development Scheme
The Urban Renewal Authority (URA) received a total of six tender submissions for the development of the Shantung Street / Thistle Street Development Scheme (YTM-012 Project) in Kowloon upon the expiry of the deadline for submission at 12 noon today (13 May 2025). A tender review panel under the URA Board will carefully examine the submissions received and recommend to the URA Board to make the decision regarding the award of the development contract of YTM-012 Project. (ENDS)
-
25 Apr 2025
URA Welcomes Appointments to the Board
The Urban Renewal Authority (URA) today (25 April 2025) welcomes the Government’s re-appointment of Mr Chow Chung-kong as the Chairman of the URA Board for a term of two years, effective 1 May 2025, as well as new appointments and re-appointments of 10 non-executive directors (non-official) to the URA Board for a term of three years from 1 May 2025 to 30 April 2028. The six new non-official non-executive directors are the Honourable Members of the Legislative Council Chan Hok-fung and Chan Kin-por; Mr Chiu Kam-kuen, Ms Lilian Law Suk-kwan, Ms Jasmine Lee Shun-yi and Ms Florence Leung Chi-hang. The re-appointments include Dr Chan Ka-kui, Ir Janice Lai Wai-man, Mrs Sylvia Lam Yu Ka-wai and Ms Yvonne Yeung Kin-ha. Commenting on the re-appointment, Mr Chow said, “I feel privileged to be
-
28 Mar 2025
Encouraging Professionals to Contribute Their Ideas for the Urban Renewal of Yau Ma Tei and Mong Kok
The Urban Renewal Authority (URA) and the Hong Kong Institute of Architects (HKIA) jointly announce the launch of the “Idea Competition for the Urban Renewal for Yau Ma Tei and Mong Kok” today (28 March 2025). This competition invites professionals, graduates and students to contribute innovative and creative designs that will provide solutions for shaping two of Hong Kong’s most densely populated old districts into a vibrant urban area for living, working and leisure. The competition builds on the findings of the District Study for Yau Ma Tei and Mong Kok (the Study), conducted by the URA between 2017 and 2021. Covering approximately 212 hectares, the Study aimed to develop strategies to transform the area into a liveable, sustainable, diverse and vibrant metropolitan hub. Particip
-
27 Mar 2025
Invitation to Tender - URA’s Shantung Street / Thistle Street Development Scheme
The Urban Renewal Authority (URA) today (27 March 2025) invited a total of 28 developers to submit a tender for the development of the Shantung Street / Thistle Street Development Scheme (YTM-012 Project) in Kowloon. The URA will provide the tender documents to the invited developers to prepare their tenders for YTM-012 Project. The invited developers may form a consortium with eligible company/companies which fulfil the requirements prescribed in the tender documents to submit tender proposals. Interested parties have to submit their tender proposals to the URA Headquarters at 26/F COSCO Tower, 183 Queen’s Road Central, by 12 noon on 13 May 2025 (Tuesday). Late submissions will not be considered. A tender review panel under the URA Board will carefully examine the submissions r
-
6 Mar 2025
28 Expressions of Interest Received for URA’s Shantung Street / Thistle Street Development Scheme
The Urban Renewal Authority (URA) received a total of 28 Expressions of Interest (“EOI”) for the development of the Shantung Street / Thistle Street Development Scheme (YTM-012 Project) in Kowloon before the deadline for submission at noon today (6 March 2025). A tender review panel under the URA Board will evaluate the submissions and shortlist qualified developers and consortia based on their development experience and financial capability. The shortlisted developers and consortia will be invited to submit tenders for the development of YTM-012 Project according to the principal tender terms previously approved by the URA Board. YTM-012 Project is located in the vicinity of one of the Development Nodes proposed in the District Study for Yau Ma Tei and Mong Kok. To align with the