Page 26 - URA Annual Report 2020-21

MAJOR EVENTS OF THE YEAR
JANIn response to the 2019 Policy Address announced by the Chief Executive on the initiatives to identify land to increase housing supply, the URA launched a scheme to facilitate non-governmental organisations (NGOs) to optimise their under-utilised land.
The scheme, to be implemented by URA’s subsidiary, Urban Redevelopment Facilitating Services Company Limited, would assist the NGOs to maximise the potential in residential, commercial and community development of their existing land and modernise the NGO facilities through redevelopment.
FEBNoble Vantage Ltd., a member company of Chinachem Group, was commissioned as the main operator of the Central Market Revitalisation Project for a period of 10 years. Upon entering the agreement for lease and operation contract, a joint management committee was set up to devise details on the implementation of the business plan, and closely monitor the performance and operational effectiveness of the main operator and its tenants to ensure the fulfilment of creating the revitalised Central Market as an energetic and vibrant landmark for the community.
MARThe URA commenced To Kwa Wan Road/Wing Kwong Street Development Scheme in Kowloon City, a project which would be integrated with the seven URA ongoing redevelopment projects in the vicinity under the district-based urban renewal approach, with a view to achieve holistic planning, bringing more benefits to the community by improving connectivity, accessibility and pedestrian environment through the development of a more effective pedestrian walkway and road network.
The URA and The Hong Kong Settlers Housing Corporation Limited (HKSHCL) signed the MOU which laid down the project goals and cooperation framework for the ‘Tai Hang Sai Estate Redevelopment’ project. The project would include the provision of 1,300 units to be used by HKSHCL for re-housing existing Tai Hang Sai Estate tenants, and about 2,000 ‘Starter Homes’ units for the URA to be sold as private residential housing at a discount to market value.
22 URA ANNUAL REPORT 2020-21