URA revises rules for demand-led redevelopments; names new board members

The rules for two pilot schemes have been revised, the Urban Renewal Authority said last month. The application threshold for the demand-led redevelopment project pilot scheme will be increased from 67% to 80%, while the minimum size for application site would be raised from 400m² to 700m².

“Adjusting the application threshold for demand-led redevelopment projects would help engage more property owners at an early stage, thereby enhancing the success rate of the scheme,” said URA managing director Iris Tam. The second change was to the facilitating services pilot scheme, which will be expanded to cover commercial and industrial buildings within nonindustrial zones. Four new non-executive directors were named to the authority’s board at the end of November: Alice Mak Mei-kuen, Wu Chi-wai, Gregg Li and Lawrence Poon Wing-cheung. Another four non-executive directors – Dennis Kwok Wing-hang, Philip Kan Siu-lun, Daniel Lam Chun and Billy Mak Sui-choi – were re-elected. URA chairman Victor So Hing-who has welcomed the appointments.