URA To Build 300 Private Flats In Mong Kok

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1555088_1_20201016180830.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1555088-20201016.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1555088-20201016.htm', 'DCS.dcsqry', '' ); } } }); }); });

2020-10-16 HKT 13:13

Share this story

facebook

  • URA to build 300 private flats in Mong Kok

The Urban Renewal Authority has launched a 10-year re-development project in Mong Kok to build 300 small and medium-sized private flats on Thistle Street and Shantung Street.

Lawrence Mak, the authority’s general manager for planning and design, said on Friday that they want to restructure the neighbourhood, where the oldest buildings date back to 1958.

"There are... issues about the existing buildings. Of course some are of relatively poor building conditions," Mak said.

The authority said an estimated 170 property owners and 280 households – some living in subdivided flats – would be compensated or rehoused if the plan gets approval from the Chief Executive and the Executive Council.

The flats are expected to be about 450 square feet in size, while two areas of more than 2,000 square metres will be reserved for community and commercial use.

Mak said the project will also make the neighbourhood more liveable by revamping a garden on Thistle Street.

"The Thistle Street rest garden is surrounded by a lot of buildings, so by opening up the garden towards the corner of Shantung Street and Thistle Street, we think we could greatly improve the environment," he said.

A 200-square-metre plaza will also be built to connect the garden and shops nearby.

RECENT NEWS

Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses

Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more

Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.

Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more

Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia

Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more

Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules

Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more

Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring

The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more

Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers

Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more