Hong Kong’s redevelopment policy is approaching an institutional turning point. Recent government proposals – pilot schemes for additional plot ratios and cross-district plot ratio transfers – are presented as new instruments to stimulate redevelopment in ageing districts. Yet they extend the same paradigm that shaped policy for decades: incentivising redevelopment through floor-area bonuses, relying on…
Hong Kong’s New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market. The company, which has been selling assets to reduce debt, said it would “exercise prudence as appropriate, having regard…
The Hong Kong government has lodged civil lawsuits against 16 residents who allegedly refused to vacate homes in a neighbourhood known for its Thai and Chiu Chow heritage, earmarked for a HK$15 billion (US$1.91 billion) redevelopment project. The secretary for justice, on behalf of the Urban Renewal Authority (URA), initiated proceedings at the District Court…
Pakistan has signed a deal with the United States to jointly redevelop New York’s Roosevelt Hotel. The hotel, built in 1924, is owned by Pakistan’s international airlines and has been closed since 2020. The MoU was executed by GSA Administrator Edward C. Forst on behalf of the United States and Federal Minister for Finance and…
A city’s character is not tested on a good day, but in the quiet hours after a disaster, when the smoke settles, sirens fade and residents look at the charred outline of a home that used to anchor an entire life. The Tai Po fire, which engulfed several blocks of subsidised government housing and left…
The government should take the lead in assessing the structural safety of the estate engulfed by Hong Kong’s worst fire in decades before deciding whether it should be restored or redeveloped, experts have said, warning of liability problems and a long road ahead. The future of Wang Fuk Court, where a massive fire raged through…