Page 37 - URA Annual Report 2020-21

Nga Tsin Wai Village Project
An Archeological Impact Assessment (AIA) has been ongoing for the Nga Tsin Wai Village Project since 2016 when foundation remains of old village walls and watchtowers at some excavated locations were revealed. With the agreement of the Joint Venture Partner (JVP) and the Antiquities and Monuments Office, further excavation and field investigation works were conducted between 2019 and 2021 to update and ascertain the findings on heritage significance and areas for preservation and future rescue excavation. Based on the results of further excavation, the AIA report is being prepared for target completion in 2021/22. The URA will continue to work with the JVP to expedite the preparation of relevant technical proposals in relation to the conservation-led redevelopment approach and explore ways to address various outstanding issues with government departments in 2021/22 before the redevelopment takes place.
eResidence – ‘Starter Homes’ Pilot Project
In response to the Government’s invitation to provide Starter Homes (SH) in 2018, the URA agreed to assign eResidence as an SH pilot project. Out of 493 units, applications were invited in January 2019 for the sale of 450 units. Flat selection took place in June 2019 and all 450 SH units were sold. The Occupation Permit and the Certificate of Compliance of the project were issued in September 2019 and April 2020 respectively. Handover of units to purchasers was completed in August 2020.
As a prompt response to the ‘2020 Policy Address’, the URA further launched the sale of the remaining 43 units of eResidence as SH in November 2020 at a discounted price of 70% of the then assessed market value. A total of 4,909 applications were received, which was an oversubscription of more than 113 times. Flat selection was completed in February 2021. All 43 units were sold and the handover of units to the purchasers was completed in June 2021.
Cleared and Tendered Projects
The keen pursuit of project site clearance and tendering continued in 2020/21 to sustain achievements in delivering community benefits and flat supply. As at 30 June 2021, site clearance was completed for five projects, namely Chun Tin Street/Sung Chi Street (KC-008(A)), Bailey Street/Wing Kwong Street (KC-009), Wing Kwong Street (KC-012), Kai Ming Street/Wing Kwong Street (KC-013) and DAs 4 & 5 of Kwun Tong Town Centre Project. Two joint venture tenders were awarded respectively for Tonkin Street/Fuk Wing Street (SSP-015) in April 2020 and Oak Street/Ivy Street (YTM-011) in June 2021.
URA ANNUAL REPORT 2020-21 33
Operating Review Corporate Sustainability Management Discussion and Analysis Projects at a Glance Corporate Governance