URA as Facilitator
URA as a Facilitator in Redevelopment
The Urban Redevelopment Facilitating Services Co. Ltd. (URFS), a subsidiary of the URA, is set up to facilitate interested property owners in assembling titles for joint sale in the market. Through URFS, the URA will provide facilitating services or consultancy services to the owners which include appointment of consultants on behalf of the owners and coordinating and monitoring the services provided by the consultants. Under the facilitation arrangement, the URA and URFS will not acquire any interest nor compensate/rehouse any tenant within the application site. Moreover, the URA will also help identify suitable premises through URFS, in the district of the redevelopment projects as far as practicable, to enable the affected shop operators to relocate and continue operation.