Press Releases
Year 2004
-
26 Nov 2004
URA tender closes for Reclamation Street project
Attention News Editors: In response to media enquiries on the tender submissions for the joint development of the Reclamation Street project in Mong Kok, the Urban Renewal Authority (URA) today (Friday) issued the following statement: A total of seven tender offers have been received for the residential/commercial development in Reclamation Street, Mong Kok. A tender review panel under the URA Board will consider the tenders and make recommendation to the Board for a decision in due course. Among the developers who earlier took part in an expression of interest exercise for the project, 21 were invited to place a tender. The project site covers an area of about 5,760 square feet and is expected to deliver a gross floor area of about 51,800 square feet for residential and commerc
-
12 Nov 2004
Invitation to Tender for Reclamation Street Project
The Urban Renewal Authority (URA) today (Friday) invited a total of 21 property developers to tender for the joint development of the Reclamation Street project in Mong Kok. The project site covers an area of about 5,760 square feet and is expected to deliver a gross floor area of about 51,800 square feet for residential and commercial purposes upon completion. Following the expression of interest exercise which closed on 8 November, a tender review panel under the URA Board decided to invite 21 interested parties for tender, after taking into consideration their experience and financial strength to undertake the development in accordance with the requirements and criteria set by the Authority. All tender submissions should reach the URA Headquarters at 10/F Low Block, Grand Millenn
-
8 Nov 2004
Expression of Interest for URA's Reclamation Street Project
In response to media enquiries on the result of the expression of interest exercise for the Reclamation Street joint development project in Mong Kok, the Urban Renewal Authority (URA) today (Monday) issued the following statement: A total of 23 submissions have been received expressing an interest in the joint development of the Reclamation Street project site. A tender review panel under the URA Board will shortlist the qualified parties and invite them to submit a formal tender for the development. It is expected that the tender exercise will take place in the near future. The project site covers an area of about 5,760 square feet and is expected to deliver a gross floor area of about 51,800 square feet for residential and commercial purposes upon completion.
-
1 Nov 2004
Invitation for Expression of Interest for Reclamation Street Project
The Urban Renewal Authority (URA) tomorrow (Tuesday) will invite estate developers to provide an expression of interest (EOI) for the joint development of the Reclamation Street redevelopment project in Mong Kok. The project site covers an area of about 5,760 square feet and is expected to deliver a gross floor area of about 51,800 square feet for residential and commercial purposes upon completion. Parties interested in the project are requested to indicate their professional competence and financial capability to undertake the development in accordance with the requirements and criteria set by the Authority. Submissions should be returned to the URA Headquarters at 10/F Low Block, Grand Millennium Plaza, 181 Queen's Road Central, by 5 pm on 8 November, 2004. A tender review pane
-
20 Oct 2004
URA makes good progress in Wan Chai project
The Urban Renewal Authority today (Wednesday) reports that it has acquired over 74 percent of all property interests at the Lee Tung Street project which is the largest of its redevelopment projects so far. This percentage has been achieved in a nine-month period since acquisition offers were made in January this year and the success rate is similar to other large projects launched by the Authority in the past two and a half years. The Authority normally sets a 24-month time-frame to complete the land assembly process. A URA spokesman said: "We are gratified by the understanding and co-operation of the property owners and if this continues, we certainly hope to be able to meet the 24-month target." Based on the valuation of a notional seven-year-old replacement flat, the Authority
-
20 Oct 2004
Better Mortgage Loan Terms for Rehabilitated Buildings
Six more banks have joined a scheme initiated by the Urban Renewal Authority (URA) to provide better mortgage services to owners of rehabilitated residential old buildings, bringing the participating banks to a total of 13. The mortgage loan scheme for rehabilitated building, which aims at improving the liquidity potential of aged properties in the old districts, is a new move by the URA in its continuing drive to encourage owners of old buildings to rehabilitate their properties. A spokesman of the URA announced today (Wednesday) that six more banks, namely Bank of China, Bank of Communications, CITIC Ka Wah Bank, Dah Sing Bank, Hang Seng Bank and MEVAS Bank have decided to join the scheme. Seven banks that have already joined the scheme are the Bank of East Asia, HSBC, Liu Chong Hing
-
28 Sep 2004
Happy Mid Autumn Festival for elderly residents in Central & Western
Happiness and satisfaction are written on the smiling faces of some 40 elderly people in Central & Western District when they are offered packs of mooncakes and fruit for the upcoming Mid Autumn Festival. Sponsored by the Urban Renewal Authority (URA), the event is organised by the Staff Club of the URA with the assistance of the Urban Renewal Social Service Team of the St James' Settlement. About 20 URA staff and their family members took part in the courtesy visit last Saturday afternoon, bringing festive gifts to the elderly people living in Wing Lee Street/Staunton Street project area of the Authority.
-
20 Sep 2004
Sun Hung Kai Properties wins URA's Po On Road / Shun Ning Road project
The Urban Renewal Authority (URA) today (Monday) announced that a wholly owned subsidiary of Sun Hung Kai Properties Limited, SHKP e-Home Limited, has won the joint development contract for its Po On Road / Shun Ning Road project in Sham Shui Po in a public tender exercise. The Po On Road / Shun Ning Road project site covers an area of about 15,000 square feet and is expected to deliver a gross floor area of about 135,000 square feet for residential and commercial purposes upon completion. Open space of about 2,700 square feet in area will be provided for the enjoyment of the local community. Sun Hung Kai Properties is one of the 13 property developers who tendered for the joint venture project. Based on the recommendations of a tender review panel appointed by the URA Board, members
-
15 Sep 2004
URA tender closes for Po On Road/Shun Ning Road project
In response to media enquiries on the tender submissions for the joint development of the Po On Road/Shun Ning Road project in Sham Shui Po, the Urban Renewal Authority (URA) today (Wednesday) issued the following statement: A total of 13 tender offers have been received for the commercial/ residential development in Po On Road/Shun Ning Road, Sham Shui Po. A tender review panel under the URA Board will consider the tenders and make recommendation to the Board for a decision in due course. Earlier, 22 developers took part in an expression of interest exercise for the project. Twenty-one of them were qualified and invited to place a tender. The Po On Road/Shun Ning Road project site covers an area of about 15,000 square feet and is expected to deliver a gross floor area of about 13
-
9 Sep 2004
Sino Land wins URA's Fuk Wing Street/Fuk Wa Street project
The Urban Renewal Authority (URA) today (Thursday) announced that a wholly owned subsidiary of Sino Land Company Limited, Falcon City Limited, has won the joint development contract for its Fuk Wing Street/Fuk Wa Street project in Sham Shui Po in a public tender exercise. The Fuk Wing Street/Fuk Wa Street project was one of the three early launch projects for which land acquisition was commenced by the URA in March 2002. Covering a site area of about 14,900 square feet, it is expected to deliver a maximum gross floor area of about 111,700 square feet of residential floor area and about 22,300 square feet of commercial retail area upon completion in 2008. In addition, about 2,700 square feet of open space will be provided. Sino Land is one of the 16 property developers who tendered for