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Building rehabilitation, as one of the core businesses of the URA, helps slow down the pace of urban decay by prolonging the lifespan of buildings, decelerating their ageing process and improving the living conditions in-situ. Since 2004, the URA has provided financial subsidies and technical assistance to building owners for promoting and facilitating proper repair and maintenance of buildings.

The URA also encourages building owners, who are responsible for the proper management and maintenance of their buildings, to carry out Preventive Maintenance for their buildings in order to maintain the buildings and facilities in good condition.

To further enhance the living quality, the URA will explore how to assist owners to upgrade the buildings through "retrofitting" of facilities which meet the modern standard.