URA acquires 66pc of Kwun Tong properties

PUBLISHED : Tuesday, 31 March, 2009, 12:00am
UPDATED : Tuesday, 31 March, 2009, 12:00am

The Urban Renewal Authority had acquired 1,088 property interests, or about 66 per cent, for its Kwun Tong Town Centre project when the 90-day offer period ended yesterday. The authority's director of acquisitions and clearance, Joseph Lee King-chi, said the acquisition rate was encouraging and the authority would continue negotiations on a case-by-case basis.

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