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.
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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.
October 30, 2025 16:20