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Hong Kong’s URA eyes engaging developers early to reduce risk of failed tenders

Hong Kong’s cash-strapped Urban Renewal Authority (URA) is looking at engaging private developers at an earlier stage of the redevelopment process by allowing them to acquire the old buildings to reduce the risk of failed tenders, the body’s chief has revealed. The remarks by URA managing director Donald Choi Wun-hing on Monday followed the authority’s move to review its compensation policy and introduce a more comprehensive compensation mechanism with better rehousing options to cut its...


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