DEVB's statement on Urban Renewal Authority's work

In response to media enquiries on the work of the Urban Renewal Authority (URA), a spokesman for the Development Bureau said today (January 12) that the URA, as a statutory body, had all along adhered to the Urban Renewal Authority Ordinance and the Urban Renewal Strategy in pursuing its work.

The Urban Renewal Strategy is a Government strategy. The Secretary for Development, after consulting the public, may prepare from time to time an urban renewal strategy. Following the promulgation of the new Urban Renewal Strategy by the Government in February last year, the URA has swiftly devised concrete implementation measures, including the "flat for flat" scheme, as well as the new "facilitator" scheme and "demand-led" scheme for urban renewal.

Ends/Thursday, January 12, 2012
Issued at HKT 19:45