URA posts HK$338 million operating surplus after three years of losses

    URA posts HK$338 million operating surplus after three years of losses

    Hong Kong’s Urban Renewal Authority (URA) has recorded an operating surplus of HK$338 million (US$43.3 million) for the 2025-26 financial year, after reporting three straight years of losses. At a banquet on Friday to mark the statutory body’s 25th anniversary, chairman Chow Chung-kong announced that the URA had returned to profit in the 2025-26 financial…

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    Call to merge housing checking unit with Buildings Department after Tai Po fire

      Call to merge housing checking unit with Buildings Department after Tai Po fire

      Some residents displaced by Hong Kong’s deadliest inferno in decades have called for merging the Housing Bureau’s Independent Checking Unit (ICU) with the Buildings Department, after a public inquiry revealed regulatory failures linked to communication problems between the two arms with similar functions. In recommendations submitted to the independent committee investigating the Wang Fuk Court…

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      Tai Po fire: tendering system can’t stop firms manipulating market, inquiry hears

        Tai Po fire: tendering system can’t stop firms manipulating market, inquiry hears

        An official tendering system designed to curb anti-competitive conduct is powerless to combat engineering firms colluding to manipulate Hong Kong’s lucrative building maintenance market, a public inquiry into the city’s deadliest fire in decades has heard. Testifying on the 21st day of an independent committee’s hearing, three Urban Renewal Authority (URA) officials said on Thursday…

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        Hong Kong to extend building inspection deadline for contractor checks

          Hong Kong to extend building inspection deadline for contractor checks

          Hong Kong authorities will extend the deadline for mandatory building inspection orders to let homeowners vet contractors’ conviction records on a new platform launching later this year, the city’s development chief said. Secretary for Development Bernadette Linn Hon-ho also said on Saturday that the prequalification list on the Urban Renewal Authority’s (URA) electronic platform, currently…

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          Hong Kong’s URA will boost scrutiny of company heads in enhanced tender platform

            Hong Kong’s URA will boost scrutiny of company heads in enhanced tender platform

            Hong Kong will launch an enhanced government-backed tendering platform for private building maintenance projects in the second half of the year to curb bid-rigging while tightening scrutiny of contractors, consultants and their leaders. Secretary for Development Bernadette Linn Hon-ho told the media that authorities aimed to launch the upgraded “Smart Tender” platform in the second…

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