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

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Hong Kong’s Urban Renewal Authority reported a HK$338 million operating surplus for 2025-26 after three years of losses. This turnaround will fund ongoing urban renewal projects as the URA marks its 25th anniversary.

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....