Page 63 - Urban Renewal Authority 2023-24 Annual Report

Managing Director’s Statement

Operating Review
URA fills the “Free Space” with children’s play equipment (left) and a large-scale bamboo art installation (right) created by local artists, infusing Chairman’s Statement
the Kwun Tong Town Centre with vibrancy and creativity.

URA also collaborated with local young artists to exhibit a large-scale bamboo-crafted public art installation that
epitomised the historical coastline of Kwun Tong, injecting creativity and art into the Kwun Tong City Centre. Corporate Sustainability
URA’s dedicated efforts in the place-making initiatives at “Free Space” have enlivened the Kwun Tong City
Centre and received positive feedback from local people and residents, paving the way for the future
development of Kwun Tong City Centre 2.0.

Environment and Waste Management
Electric vehicle (EV) charging facilities have been installed at car parking
spaces in URA’s newly retained developments. Moreover, our retained
properties, namely Central Market, Yue Man Square, and eResidence 100%
shopping arcade, have undergone a comprehensive series of energy
efficiency upgrades in 2023/24, resulting in a saving of 255 tons of carbon Car parking spaces with EV Management Discussion and Analysis
dioxide (CO2) emissions, equivalent to the planting of 10,200 new trees. charging facilities in newly
The retro-commissioning of Yue Man Square also received the ASHRAE retained developments
Regional Technology Award 2023/24 (Regional Merit Certificate). (Yue Man Square, eResidence
and commercial portion of
We have actively engaged our tenants by providing food waste collection Reclamation Street/
services at Yue Man Square and the eResidence shopping arcade. The food Shantung Street (YTM-010) &
waste collected was then transported to O · PARK1 for conversion into Castle Peak Road/Un Chau Street
biogas. Our commitment to recycling also yielded fruitful results in 2023/24. (SSP-016) Projects) Projects at a Glance

48 tons 61 tons 146 kg 5,791 kg 130 kg

of food waste of paper of metal of plastic of glass

Collected from Yue Man Collected for recycling at Central Market, Yue Man Square & 618
Square and eResidence Shanghai Street in 2023/24 Corporate Governance
shopping arcade and
transported to O · PARK1
in 2023/24
URA ANNUAL REPORT 2023-24 61