Page 63 - URA Annual Report 2021-22

The URA embraces visionary concepts of sustainable development in its work of urban renewal, for people to live in, to run their business, to explore and enjoy.
A framework with measurable performance indicators (KPIs) was adopted to assess urban renewal performance in five domains, namely ‘Economy’, ‘Environment’, ‘Society’, ‘Process’ and ‘People’.
The petals of the leaf associated with these five attributes that formed the basis of our sustainability is integral to urban renewal.
In the past year, selected KPIs under these five domains were applied to seven redevelopment/rehabilitation projects to gauge their effectiveness and performance for internal evaluation.
In addition to fostering environmental sustainability by promoting green landscapes and smart building design, the URA also endeavours to revitalise the urban neighbourhood by strengthening the social and economic fabrics for the benefits of the community. Through a process of careful planning for sustainable urban renewal, we create spaces for business and job opportunities at the renewed districts, while co-building neighbourhoods with community members through the innovatory initiative of community-making.
During the pandemic, URA cared about our stakeholders and society at large by working with local non-governmental organisations (NGOs) to deliver resource packs with sanitising products to needy tenants, and continuing to extend the special rent relief measures this year providing much needed financial aid to some 800 domestic and commercial tenants from different sectors with a total cumulative amount of rent concession exceeding $200 million.
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