The Urban Renewal Authority plans to supply 22,000 flats in Hong Kong over the next 5 years. Photo: Martin Chan
The Urban Renewal Authority plans to supply 22,000 flats in Hong Kong over the next 5 years. Photo: Martin Chan

Urban Renewal Authority to supply 22,000 flats in Hong Kong over next 5 years, costing HK$120 billion, but warns of potential cash crunch

  • Urban Renewal Authority managing director Wai Chi-sing says entire slate of projects to cover more than 200,000 square metres
  • Wai warns authority needs to launch redevelopment projects quickly, otherwise it could suffer negative cash flow of more than HK$15 billion

The Urban Renewal Authority plans to supply 22,000 flats in Hong Kong over the next 5 years. Photo: Martin Chan
The Urban Renewal Authority plans to supply 22,000 flats in Hong Kong over the next 5 years. Photo: Martin Chan
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