Hong Kong’s Urban Renewal Authority (URA) received seven tender submissions for a major waterfront residential redevelopment project in Hung Hom, drawing bids from some of the city’s largest developers despite a subdued land market. The authority said on Monday that seven developers submitted tenders for the project before the noon deadline. A tender review panel…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The deputy director of the Home Affairs Department and the former head of the Housing Bureau’s Independent Checking Unit (ICU) are the latest Hong Kong officials to testify at a public hearing on Friday…
Hong Kong’s beleaguered Urban Renewal Authority (URA) has raised HK$8 billion (US$1.02 billion) by selling bonds to finance capital expenditure and new projects. The cash-strapped authority on Wednesday said it sold two tranches of bonds, one worth HK$5 billion with a five-year term and the other for HK$3 billion with a 10-year term. The coupon…
Hong Kong’s Urban Renewal Authority (URA) plans to improve pedestrian connectivity and public access to the harbourfront at one of two sites the cash-strapped body has been granted by the government to boost its finances. Authority managing director Wai Chi-sing revealed more details about the plot in To Kwa Wan in his blog on Sunday,…