A review of the Urban Renewal Strategy (URS) would be incomplete without three things that have yet to be done. Firstly, the current review needs to be done within the context of Hong Kong’s high land price policy. Secondly, the government’s values, priorities and assumptions behind the URS needs to be explicitly stated so that both the government and public understand what has driven urban renewal and what needs to be reformed. Thirdly, the various questions raised in ‘Food for Thought’ boxes are framed without reference to existing government policies. Thus in assessing public responses to them, this needs to be taken into account. In particular, the government ought to stress the importance of public investment.