Urban Renewal Authority chairman Chow Chung-kong spoke to the Post about his agency’s efforts to increase the number of flats it builds each year. Photo: Jonathan Wong Urban Renewal Authority chairman Chow Chung-kong spoke to the Post about his agency’s efforts to increase the number of flats it builds each year. Photo: Jonathan Wong
Urban Renewal Authority chairman Chow Chung-kong spoke to the Post about his agency’s efforts to increase the number of flats it builds each year. Photo: Jonathan Wong

Hong Kong’s Urban Renewal Authority ready to build subsidised flats, but needs land to move faster, chairman says

  • URA considering new approaches to meet target of building 18,000 flats in five years as Beijing pushes for elimination of subdivided homes
  • Having enough land will help remove hurdle of ‘seven-year price’ for compensating owners

Topic |   Hong Kong housing
Urban Renewal Authority chairman Chow Chung-kong spoke to the Post about his agency’s efforts to increase the number of flats it builds each year. Photo: Jonathan Wong Urban Renewal Authority chairman Chow Chung-kong spoke to the Post about his agency’s efforts to increase the number of flats it builds each year. Photo: Jonathan Wong
Urban Renewal Authority chairman Chow Chung-kong spoke to the Post about his agency’s efforts to increase the number of flats it builds each year. Photo: Jonathan Wong
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