Urban Renewal Authority

URA provides more incentives for building rehabilitation The Urban Renewal Authority (URA) today (Saturday) announced details of a new package of initiatives in response to the Government's efforts to foster a strong culture of building care. The initiatives were introduced following the Government's publication of a consultation paper to promote building management and maintenance yesterday. The initiatives are designed to enhance both the financial and technical assistance to building owners corporations under the URA's current rehabilitation material incentive scheme and interest-free loan scheme. First, the cost of subsidy material offered under the material incentive scheme is increased from 10 percent of works value to 20 percent or up to $3,000 per unit.