Page 81 - URA Annual Report 2021-22

Urban renewal is a long-term and arduous task which also requires heavy resources commitment. Two decades on, Hong Kong is still in the first cycle of urban renewal with thousands of dilapidated buildings remain to be redeveloped.
Old urban districts in general, are densely populated with fully utilised plot ratios, and lack land resource for development. This has made redevelopment projects unviable, both from the planning and financial perspectives, resulting in a slow pace of urban regeneration.
To overcome the hurdle, it is important for us
to constantly evolve to adopt innovative thinking in carrying out urban renewal work, and to make the best use of technologies and new planning tools to achieve seemingly impossible goals.
As we embarked upon a new level of urban renewal, we will continue to be bold and innovative in pursuit of our mission, and focus on taking up sizeable challenging redevelopment projects which have the potential of creating greater benefits to the community, as well as promoting building rehabilitation and preventive maintenance among property owners to improve living environment and prolong service life of buildings.
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