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Knight Frank Greater China Property Market News Summary

Daily, Hong Kong
Daily News and Transactions across Greater China from Knight Frank
 

URA choses 3 sites for redevelopment

Apr 23, 2012
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(SCMP)

 

A new "demand-led" programme for redeveloping run-down buildings has selected its first three sites, the Urban Renewal Authority (URA) says.

 

The three old buildings-one in Tai Kok Tsui and two in Sham Shui Po-met the programme's criteria including the support of at least 67% of owners.

 

At least 80% of owners must agree before the projects can proceed. There are 226 property interests involved in the three sites that have been accepted and they are home to around 290 households.