Overview Key strengths Key risks Expanding role in social initiatives increases the authority's importance to the Hong Kong government. Net cash outflow over the next few years as redevelopment picks up. Continued support from the government through tax exemptions and land premium waivers. Lumpy cash flow and profitability due to project cycles. Strong balance sheet with sustained net cash position. The authority continues to play an important role in assisting the Hong Kong government to improve the standard of housing and built environment in Hong Kong. It does this by redeveloping land and extending the lifespan of old buildings through rehabilitation. As directed by the government, URA has completed an extensive study on the renewal of the Yau Ma Tei
