Page 35 - Urban Renewal Authority 2023-24 Annual Report

Project commenced in 2023/24 Chairman’s Statement

Sai Yee Street/Flower Market Road Project (YTM-013)

YTM-013 was commenced in March 2024 as the first phase of implementation of the Development Node of
“Mong Kok East – Urban Waterway” in Yau Mong District Study (YMDS) with a view to addressing multiple local
issues including aged recreational facilities with segregated functionality and spaces, the lack of cohesive leisure
and resting spaces as well as traffic congestion in the Flower Market area. Managing Director’s Statement

To transform the area into a vibrant landmark in Mong Kok East, the URA optimises land uses in the project area
through comprehensive restructuring and replanning, while enhancing the environment of the Flower Market
area for future development under the integrated approach to urban renewal.

The project comprises two main sites: Site A is composed of one larger site and four smaller sites in the Flower
Market vicinity involving buildings of 31 street numbers over 60 years, while Site B covers an area with multiple
existing Government facilities and segregated leisure spaces such as Boundary Street Sports Centre No. 1 and
No. 2, Boundary Street Recreation Ground, Sai Yee Street Children’s Playground and Boundary Street Nursery. Operating Review

The Proposed Planning of Sai Yee Street/Flower Market Road Project (YTM-013) Corporate Sustainability

Under the plan, the “Single Site, Multiple Use” model will be adopted in Site B for the diversified and mixed Management Discussion and Analysis
development with residential/retail/office/hotel, and a multi-purpose complex with the provisions of upgraded
public facilities including recreation/sports facilities and underground public vehicle parking spaces to meet the
Projects at a Glance
community needs. The multi-purpose complex will also be the permanent location of Yau Tsim Mong District
Health Centre in the future. In addition, segregated Government land in site B will be integrated where the
Waterway Park with blue-green features and a flower viewing hotspot will be built for public enjoyment. It will
serve as a connector for amalgamating and creating synergy among the proposed development, the Flower
Market precinct and the nearby facilities to create a vibrant leisure and recreational hub. Corporate Governance

URA ANNUAL REPORT 2023-24 33