[East_coast]

It is extremely perplexing that Hong Kong has an institutionalized process for encouraging owners to neglect their properties. It is called the URA.

Currently there is no incentive for property owners to maintain their properties in good order as the more decrepit they become the higher the probability the URA will tear them down and make good money for them.

Should there not be an incentive to have properties well maintained - on the outside at least.

If there was a tax reduction for properties that met basic requirements such as
- No plants growing out of the fabric of the building
- No Mold on the walls
- No Broken windows
etc
Owners would see an immediate benefit in maintaining their properties and there would be less need for the URA.

[East_coast]

The Development Bureau is currently conducting a Review of the Urban Renewal Strategy which provides a broad policy guideline for the work of the Urban Renewal Authority.

For more information about the Review, please visit the dedicated website for the Review at www.ursreview.gov.hk

Your views matter.