Page 24 - URA Annual Report 2021-22

20 YEARS OF COMMUNITY PARTNERSHIP
Over the past 20 years, the URA strives to realise the vision of creating a sustainable and liveable smart city with its holistic ‘5Rs’ regeneration strategy (Redevelopment, Rehabilitation, pReservation, Revitalisation and Retrofitting) amid various challenges and constraints, making the impossible into possible. Nonetheless, the team’s unwavering dedication and perseverance has seen remarkable achievements on multiple fronts of businesses, alongside increasing public recognition and community support to the work of the URA.
2001
2005
Priorities were given to implementing Land Development Corporation (LDC) projects to deal with dilapidated and dangerous buildings, alongside the launch of pilot schemes to offer subsidy and loan for building rehabilitation and materials to help improve the living environment of residents.
2001 URA established in May under the Urban Renewal Authority
Ordinance.
2002 Announced the first batch of redevelopment projects (Cherry Street in Tai Kok Tsui, Fuk Wing Street/Fuk Wa Street in Sham Shui Po and Johnston
Road in Wan Chai).
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2004 Launched the Building Rehabilitation Materials Subsidy Scheme and Building Rehabilitation Loan Scheme to encourage building owners to carry out building rehabilitation.
2005 Completion of Langham Place (Argyle Street/ Shanghai Street Project), which has become a landmark for driving transformation of urban landscape in the vicinity.