The Urban Renewal Authority (URA) drives Hong Kong's urban regeneration through a comprehensive statutory mandate established in May 2001. Replacing the Land Development Corporation, the URA undertakes, encourages, promotes and facilitates urban renewal across the city, addressing the challenges posed by ageing buildings and deteriorating living conditions. The Authority operates through two core businesses - redevelopment and rehabilitation - while preserving heritage buildings and revitalizing districts through sustainable practices.
URA's vision is to create quality and vibrant urban living in Hong Kong, delivering better homes in a world-class city. The organization executes projects through acquisition, redevelopment, building rehabilitation schemes, and preservation initiatives that balance modernization with cultural heritage conservation. Beyond physical redevelopment, URA facilitates community engagement, supports affected residents through social service teams, and implements people-first, district-based approaches that prioritize public participation. Each project integrates social impact assessments and sustainable development principles, ensuring urban renewal benefits both current and future generations of Hong Kong residents.