URA Returns to Profit with HK$338M Surplus in 2025/26, Marks 25th Anniversary
SingTao · 1 SOURCESabout 1 hour ago2 MIN
Summary
The Urban Renewal Authority (URA) has achieved a remarkable financial turnaround, reporting a HK$338 million surplus in fiscal year 2025/26 after facing previous losses. The authority celebrated its 25th anniversary on the 14th with Chief Executive John Lee Ka-chiu presiding over a ceremony attended by approximately 800 guests from political, business, professional, and community sectors. URA Chairman Anthony Chau Siu-kong attributed the success to the authority's flexible strategies in responding to market volatility, while also announcing preparations for an enhanced "Tender Online" service to strengthen support for property owners. John Lee highlighted the government's commitment to urban renewal through three key measures announced in last year's Policy Address, and revealed ongoing reviews of URA's financial and operational models to address long-term challenges.
Key Points
- URA achieved HK$338 million surplus in fiscal year 2025/26, reversing previous deficits through flexible strategies amid property market volatility
- 25th anniversary ceremony themed "Together for 25 Years, Building Forward" presided by Chief Executive John Lee Ka-chiu and URA Chairman Anthony Chau Siu-kong
- Approximately 800 guests from political, business, professional, and community sectors attended the celebration at the event
- URA preparing enhanced "Tender Online" services to strengthen support for property owners, with implementation details being finalized with the government
- Government reviewing URA's overall financial and operational model, including acquisition policies and district renewal strategies, to address long-term challenges
Why It Matters
The URA's return to profitability demonstrates the authority's ability to navigate challenging property market conditions while maintaining its core urban renewal mission . The enhanced "Tender Online" services and ongoing government reviews signal a commitment to modernizing urban renewal processes and ensuring sustainable funding mechanisms for Hong Kong's long-term district regeneration efforts .
The URA's return to profitability demonstrates the authority's ability to navigate challenging property market conditions while maintaining its core urban renewal mission . The enhanced "Tender Online" services and ongoing government reviews signal a commitment to modernizing urban renewal processes and ensuring sustainable funding mechanisms for Hong Kong's long-term district regeneration efforts .