Transforming idle barges into restaurants, concert venues or swimming pools are among ideas Hong Kong’s Urban Renewal Authority has floated to develop an old residential area into a world-class cove area in the style of Sydney’s Darling Harbour. Authority managing director Wai Chi-sing said on Sunday that its consultant was studying suggestions on developing To…
Hong Kong’s cash-strapped Urban Renewal Authority (URA) has frozen the salaries of its 700 staff for the second time in four years, following an earlier decision by the government to pause pay rises for civil servants. The authority confirmed to the Post on Sunday that it had made the decision after reviewing employee salaries, a…
The refurbished Mong Kok Market Complex in Hong Kong is set to temporarily house the Yau Tsim Mong District Health Centre. Urban Renewal Authority (URA) managing director Wai Chi-sing wrote on his official blog on Sunday that the former market building, which is undergoing a four-year makeover, recently received its occupation permit and the fire…
The head of Hong Kong’s Urban Renewal Authority has rejected criticism over the dismantling of a recreational facility less than a year after its opening, saying the free space was intended to be a short-term initiative and that some of its features would be donated to other public housing estates. The space in Kwun Tong,…
Hong Kong’s cash-strapped Urban Renewal Authority intends to adjust the pace of its projects to ensure better financial stability, while private developers will be briefed in advance on plans to avoid failed tenders. The changes, outlined by managing director Wai Chi-sing on Sunday, were aimed at helping the authority maintain adequate cash flow and avoid…
Hong Kong’s cash-strapped Urban Renewal Authority may consider issuing bonds or borrowing more money as it reveals plans to take on a major redevelopment project in Kowloon City on its own after a failed tender in September. The authority’s managing director Wai Chi-sing said it was exploring the “self-initiated approach” to the Kai Tak Road/Sa…
New flats on offer in Kai Tak received a cool reception on Saturday, as Hong Kong homebuyers mostly stayed on the sidelines waiting for steeper discounts, which spoiled expectations of a strong turnout at the start of November after the monetary authority relaxed the city’s mortgage financing rules last month. Only one out of the…
New flats on offer in Kai Tak received a cool reception on Saturday, as Hong Kong homebuyers mostly stayed on the sidelines waiting for steeper discounts, which spoiled expectations of a strong turnout at the start of November after the monetary authority relaxed the city’s mortgage financing rules last month. Only one out of the…