URA

OPERATING REVIEW 23 Redevelopment Redevelopment is one of the URA’s two core businesses under the URS. During the year under review and up to 30 June 2018, the URA has seen the clearance of two projects and the awarding of four joint-venture tenders whilst four other projects were commenced and are being implemented. Up to 30 June 2018, a total of 61 projects comprising 58 redevelopment projects, two preservation projects and one revitalisation project have been commenced and imp l emen t ed by t he URA . Bes i des , s i x redevelopment projects undertaken in association with the Hong Kong Housing Society (HKHS) have been completed. These 67 projects (including the six HKHS redevelopment projects) have provided or will provide around 19,400 new flats; about 412,000 square metres of commercial space, including shops, offices and hotels; 54,000 square metres of Government, Institutional and Community (GIC) facilities; and about 27,000 square metres of open space. Demand-led Projects Unde r t he URS , t he URA may respond t o a joint approach from building owners to initiate redevelopment of their buildings. In view of this, the Demand-led Redevelopment Project Pilot Scheme (Demand-led Scheme) was introduced in 2011. Five rounds of application for Demand-led Scheme projects were held between 2011 and 2016. As at 30 June 2018, 12 redevelopment projects under the Demand-led Scheme have been commenced with nine under active implementation. The remaining three projects were terminated due to their failure to meet the 80% threshold on owners’ consent. The Demand-led Scheme was first reviewed in 2014 after three rounds of application with a view to enhancing the planning gains of projects under the Scheme. However, applications received in the fifth round in 2016 were still not conducive to its objectives, necessitating a holistic review of the Demand-led Scheme. The URA is taking the opportunity of the YMDS, now underway, to conduct a robust review to explore a sustainable mode of Demand-led approach on urban renewal that complements the holistic planning strategy. New Redevelopment Projects Sung Hing Lane/Kwai Heung Street (C&W-005), Queen’s Road West/In Ku Lane (C&W-006), Sai Ying Pun Oak Street/Ivy Street (YTM-011), Tai Kok Tsui Wing Kwong Street/Sung On Street (KC-014), To Kwa Wan The URA commenced three new self-initiated projects during 2017/18. Two of these projects are in Sai Ying Pun at Sung Hing Lane/Kwai Heung Street (C&W- 005) and Queen’s Road West/In Ku Lane (C&W- 006). The third project at Oak Street/Ivy Street (YTM-011) is adjacent to the Pine Street/Oak Street Demand-led redevelopment project (DL-3:YTM) in Tai Kok Tsui. The three projects will improve the built environment through re-planning and rationalising the land use enabling enhancements to the townscape of the project areas. Subsequently, the Secretary for Development (SDEV) authorised the URA to proceed with C&W-005 in March 2018, and acquisition offers were made in May 2018. Additionally, a project at Wing Kwong Street/Sung On Street (KC-014) in To Kwa Wan was launched on 22 June 2018 under the district-based approach. When combined with the five nearby URA projects in the area and integrated with other proposed urban renewal strategies, the resulting redevelopment will achieve greater and holistic planning with an ultimate goal of transforming it into a more walkable and smart district thereby bringing in more social benefits.