Source:
https://scmp.com/news/hong-kong/article/1028910/ura-seals-deal-flat-owners-redevelop-sham-shui-po-building Hong Kong
URA seals deal with flat owners to redevelop Sham Shui Po building
Homeowners in rundown building agree to sell to Urban Renewal Authority so it can redevelop the site, in first deal of its kind
The Urban Renewal Authority (URA) has sealed a deal with homeowners in a dilapidated block of flats to redevelop the building, in what's being called a historic breakthrough.
URA chairman Barry Cheung Chun-yuen announced yesterday that 229 Hai Tan Street in Sham Shui Po looked set to become the first building to benefit from a pilot scheme in which homeowners can invite the authority to redevelop a site.