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January 26, 2012

Invitation to tender for development of URA's To Kwa Wan

The Urban Renewal Authority (URA) invited a total of 17 property developers to tender for the joint development of the Chi Kiang Street/Ha Heung Road project in To Kwa Wan.
    
The project site is about 930 sq m and upon completion is expected to deliver a total gross floor area of about 8,380 sq m for an estimated total of 116 residential units, together with the provision of commercial space of about 1,400 sq m.  The URA plans to provide about 50% of the total number of residential units in this project with a saleable area of about 46.5 sq m, i.e. about 500 sq ft.
    
Following the expression of interest exercise which was closed on 6 January 2012, a tender review panel under the URA Board has decided to invite 17 interested property developers for tender, after taking into consideration their experience and financial strength to undertake the development in accordance with the requirements and criteria set by the Authority.