URA posts HK$338 million operating surplus after three years of losses

Hong Kong’s Urban Renewal Authority (URA) has recorded an operating surplus of HK$338 million (US$43.3 million) for the 2025-26 financial year, after reporting three straight years of losses. At a banquet on Friday to mark the statutory body’s 25th anniversary, chairman Chow Chung-kong announced that the URA had returned to profit in the 2025-26 financial year, recording an operating surplus to fund ongoing urban renewal initiatives. That followed three consecutive financial years of losses....

By Natalie Wong,Jeffie Lam