Upgraders left out in the housing cold

Small flats are cheaper and allow for more end users, but they make it harder for people to upgrade to bigger properties. Photo: K.Y. Cheng

A turning point could come for the property market in 2015 with expectations of a significant increase in new housing supply at that time. That will no doubt be good news for first-time homebuyers but less encouraging for people aiming to move out of their existing flats into bigger properties.

Tuesday, 26 March, 2013, 5:26am

Dying Kwun Tong town centre awaits revival

The exterior of Kwun Tong Silver Theatre located at Yue Man Square in Kwun Tong. Photo: Sam Tsang

Yue Man Square, which was once the bustling heart of Kwun Tong, lies half empty after the original businesses moved out and the Urban Renewal Authority was unable to re-let their units temporarily - because of illegal structures.

16 Mar 2013 - 5:13am

Kwun Tong alley shopkeepers stand their ground against URA

Cobbler Ho Kei-sing, 74, was not among those offered the option to bid for a market unit as his business is located just outside Yan Shun Lane. Photo: Nora Tam

Three months before a deadline to move out, 28 small businesses in a Kwun Tong alley stand in the way of the Urban Renewal Authority's biggest project ever. The businesses, in their makeshift shops in Yan Shun Lane, are among the last holdouts in the Kwun Tong town centre redevelopment area.

16 Mar 2013 - 6:53am 1 comment

Owner of collapsed To Kwa Wan block 'won't get URA payout'

The owner of a To Kwa Wan tenement building that collapsed in 2010, killing four people, has failed to get any compensation from the Urban Renewal Authority over redevelopment of the area, it emerged yesterday.

12 Jan 2013 - 3:12am

URA may change consensus threshold after single holdout threatens project

URA may change consensus threshold after single holdout threatens project

The Urban Renewal Authority will review the threshold set for demand-led redevelopment projects after a pilot project in Tai Kok Tsui, Kowloon, faced being derailed by an owner refusing to sell his shop.

22 Dec 2012 - 4:11am 1 comment

City Digest, October 30, 2012

C Y moves in after HK$4.9m renovation

30 Oct 2012 - 2:51am

Smaller property players call for sale of carved-up sites

A clutch of big developers supply half the city's new flats. Smaller developers want smaller plots to help them compete. Photo: K.Y. Cheng

With half of the city's new flats supplied by a few major developers, small to medium-sized property companies want more small plots auctioned off to help them compete against their bigger rivals.

3 Oct 2012 - 1:54am

URA seals deal with flat owners to redevelop Sham Shui Po building

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.

4 Sep 2012 - 2:40am

One of URA's priorities is helping disadvantaged residents

It is simply inaccurate and grossly unfair of T. Farnworth ('HK-style urban renewal robs poor residents', April 7) to describe the Urban Renewal Authority's compensation policy as akin to robbing the disadvantaged. Let's look at a few facts.

14 Apr 2009 - 12:00am

URA acquires 66pc of Kwun Tong properties

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.

31 Mar 2009 - 12:00am

Firms in Mong Kok's historic shophouses may be allowed to stay after renovations

Stores that sell building supplies may be able to return to their historic Mong Kok shophouses after preservation work has been completed, the Urban Renewal Authority says.

31 Jan 2009 - 12:00am

Renovation faces URA scrap heap

A tenement building in Central that featured in Ang Lee's film Lust, Caution is likely to be demolished by the Urban Renewal Authority, despite millions being spent to renovate it.

28 Apr 2008 - 12:00am

URA considers buying heritage buildings

The Urban Renewal Authority is considering buying some pre-war buildings with Cantonese-style terraces in order to preserve them.

But other options, including providing incentives to the owners to properly maintain the buildings, would also be considered, the authority's chairman, Barry Cheung Chun-yuen, said.

3 Mar 2008 - 12:00am