Page 39 - Urban Renewal Authority 2023-24 Annual Report

Kim Shin Lane/Fuk Wa Street Project (SSP-017) and Cheung Wah Street/ Chairman’s Statement
Cheung Sha Wan Road Project (SSP-018)
Commenced in 2021, the two projects aim to increase public open space and provide public facilities, and
redevelop existing dilapidated buildings into modern residential developments with podium commercial/retail
spaces, in addition to replanning and restructuring the under-utilised and sub-standard Government facilities and
lands to release development potential.
SSP-017 comprises 101 building blocks that are over 50 years old. The congested living environment, with many Managing Director’s Statement
sub-divided units, demands imminent redevelopment. In April 2023, URA issued acquisition offers for SSP-017, and
as of the end of May 2024, over 90 percent of acceptance offers had been received. An application to the
Government for the resumption of land was submitted in June 2023.
SSP-018 is composed of two sites. Site A mainly involves Government land occupied by the existing Cheung Sha
Wan Sports Centre and a private lot granted to CLP Power for an electricity substation. Site B comprises wholly
Government land requiring no acquisition. Site A will be optimised for residential use to increase the housing
supply, representing the first project where the Government provides financial support through the provision of
land resources to facilitate redevelopment. Site B will be replanned to provide a new JUC with increased
community facilities, including the reprovisioning of the existing sports centre at Site A under the concept of “Single Operating Review
Site, Multiple Use”. The total G/IC facilities floor area proposed in the project is approximately 33 times the size of
the current area.

The DSP of SSP-018 was approved by CE-in-C in February 2023. Application to the Government for resumption of
the only one interest being used as an electricity sub-station was submitted in January 2024. Corporate Sustainability

Apart from building a Joint-user Government Complex at Site
B of Cheung Wah Street/Cheung Sha Wan Road Project, URA
will also undertake revitalisation and improvement works for
the adjacent open space to provide more greenery area and
upgraded children’s play equipment, while enhancing the
pedestrian paths and accessibility of the park with more
entrances. Management Discussion and Analysis

Artist Impression Projects at a Glance

URA ANNUAL REPORT 2023-24 37
Corporate Governance