Page 34 - Urban Renewal Authority 2023-24 Annual Report
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OPERATING REVIEW
REDEVELOPMENT
URA embarked on a new page of redevelopment in the past year as
the planning vision of restructuring the Yau Mong District Study area
into a liveable, sustainable and vibrant metropolitan hub began to take
shape with the commencement of Sai Yee Street/Flower Market Road
Project (YTM-013).
By adopting the “planning-led” approach, URA continued to
explore every opportunity to unlock development potential
for achieving multiple planning and community gains
such as enhanced connectivity and walkability with wider
open spaces, and the reprovision of community facilities.
Concurrently, we are moving forward with the Integrated
Approach to rejuvenate the built environment through
rehabilitation and revitalisation.
With the application of the innovative planning concepts such as
“Single Site, Multiple Use” and “Vertical City”, land resources will be
fully utilised which will in turn improve the financial viability of
redevelopment projects and incentivise private developers to take part
in urban renewal.
Sai Yee Street/Flower Market Road Project Artist Impression
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