Urban Renewal Authority 2018-19 Annual Report

41 OPERATING REVIEW Cleared and Tendered Projects The keen pursuit of project site clearance and tendering continued in 2018/19 to sustain the continuity of achievement in delivering community benefits and flat supply. One project, namely Demand-led Pilot Scheme Project at Ash Street (DL-11), was cleared on schedule. Over the same period, joint venture tenders were awarded for three projects, namely Castle Peak Road/Un Chau Street (SSP-016) and Demand-led Pilot Scheme projects at Tung Chau Street/Kweilin Street (DL-5) and Hang On Street (DL-10). The commercial portion of the DL-5 project will be designated for the Sham Shui Po Design and Fashion Project in response to the initiatives of the Commerce and Economic Development Bureau to nurture design and fashion talents. The project will turn the district into a design and fashion landmark supporting various development needs for Hong Kong. Other Projects of Note Civil Servants’ Co-operative Building Society (CBS) In order to release the redevelopment potential of CBS buildings to increase housing supply, as stated in the 2018 Policy Address, the Government invited the URA to identify one or two clusters of CBS sites suitable for high-density development as pilot projects for implementation under URA’s usual project implementation approach. In response, the URA has identified two clusters of suitable CBS sites based on a set of selection criteria, and is seeking approval from the Financial Secretary to include them in URA’s Business Plan/Corporate Plan for implementation. Yu Chau West Street, Sham Shui Po Yu Chau West Street Project was commenced in 2013 under the Pilot Scheme for Redevelopment of Industrial Buildings. The project comprises a 10-storey industrial building built in 1962 and occupies a site area of 1,393 square metres. Acquisition commenced in 2013, however, only 27, around 67%, of owners have accepted the URA’s offer, thus hindering project progress. Following the Board’s approval, the feasibility of retrofitting for this project is being explored piloting the new 5th “R” of retrofitting initiatives, with a view to tallying with the 2018 Policy Address to reactivate the revitalisation of industrial buildings in Hong Kong. Ma Tau Wai Road/Chun Tin Street, To Kwa Wan With a view to helping higher-income families who are not eligible for Home Ownership Scheme but cannot afford private housing to meet their home ownership aspirations, the Government has introduced the “Starter Homes” Pilot Scheme (SH Scheme) for Hong Kong residents in June 2018 and invited the URA to assign the project at Ma Tau Wai Road/ Chun Tin Street as the pilot project for the SH Scheme. A total of 450 units have been assigned under the SH Scheme and were sold at about 62% of market value to eligible purchasers. The invitation for application for the SH Scheme was launched on 3 January 2019 and closed on 23 January 2019. A total of 20,886 applications were received, over-subscribed by about 46 times. Random assignment of priority numbers to applicants was completed in March 2019. URA commissioned HKHS to vet the applications and eligible applicants were invited in batches for flat selection from 12 June 2019 onwards. All flats were selected within six working days. People checking the floor plan while visiting the show flats of e-Residence.