URA

HIGHLIGHTS OF THE YEAR 16 Commences the two-year Yau Mong District Study which is a holistic district-based strategy study aimed at formulating new directions and models for future urban renewal efforts. • The 12th Demand-led redevelopment project at Man On Street/Tai Kok Tsui Road is aborted as the 80% acceptance threshold cannot be met, necessitating a comprehensive review of the Demand-led Scheme within the Yau Mong District Study framework. • Sale of the Subsidised Sale Flat Scheme in Kai Tak Development is completed as the remaining 16 unsold flats are sold in open market at prevailing market prices. • Invites expression of interest for the development of Peel Street/Graham Street project (Site C) in Central with initiatives to preserve historic buildings and strengthen local characteristics. The project includes the preservation of the Grade 1 historic building of former Wing Woo Grocery at No. 120 Wellington Street and the building façade of No. 26 A – C Graham Streets. APR 2017 04 MAY 2017 05 JUN 2017 06 JUL 2017 07 • Policies for ex-gratia payment and rehousing to affected tenants of redevelopment project are enhanced, helping domestic tenants to improve their living conditions, especially those living in subdivided units and cubicles, and also those being evicted by their landlords prior to acquisition of the properties by the URA. • The initiative to refine rehabilitation schemes through relaxation of rateable value limits of domestic units for owners eligible for the schemes as well as the introduction of the concessionary fees for ‘Smart Tender’ joiners is geared to encourage more property owners to carry out building rehabilitation works. • Commences the Sustainability Study with an aim to establish a systematic evaluation framework which will enable the URA to create sustainable and positive impacts from its 5R work to the community. Yau Mong District Study