In 1974 the Housing and Development Board's Urban Renewal Department was made a statutory board and named the Urban Redevelopment Authority. Responsible for slum clearance and comprehensive development of the city's Central Area, the authority was to plan, guide, and implement urban renewal. The ÍÍÍÍUrban Renewal Authority drew up long-term land-use plans, which it implemented through its own development projects as well as the Sale of Sites Programme. The latter, a key instrument in the government's comprehensive redevelopment plans, represented a partnership between the public and private sectors. The public sector provided initiative, expertise, and infrastructural services the private sector contributed financial resources and entrepreneurship to facilitate the completion of projects. Between 1967 and 1983, some 166 parcels of land were turned into 143 projects for residential, office, shopping, hotel, entertainment, and industrial developments.

Data as of December 1989