Urban Renewal
In response to a recent fire in Tai Po, Hong Kong's government is reforming the Urban Renewal Authority's 'Smart Tender' scheme with homeowner satisfaction surveys to combat bid-rigging and improve building maintenance. Chief Secretary Eric Chan Kwok-ki announced plans for a preselected list of qualified contractors, with poor performers facing removal after investigations.
Raportoinut AI
Hong Kong's Urban Renewal Authority has raised HK$8 billion through a bond sale to fund urban renewal projects. The authority sold two tranches of bonds amid strong investor demand. This marks its return to the bond market since August 2024.
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