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Press Releases

Expression of Interest for URA's Cherry Street Project

In response to media enquiries on result of the expression of interest exercise for the joint development of the Cherry Street project site in Tai Kok Tsui, the Urban Renewal Authority (URA) today (Friday) issued the following statement:

A total of 17 submissions have been received expressing an interest in the joint development of the Cherry Street project site.

A selection panel under the URA Board would shortlist the qualified parties and invite them to submit a formal tender for the development.

It is expected that the tender exercise will take place in the near future.

The Cherry Street project covers an area of about 48,500 square feet and is expected to deliver a gross floor area of about 459,000 square feet for commercial and residential purposes upon completion in 2008. In addition, a residential home for the elderly of about 11,800 square feet and about 19,000 square feet of open space will be provided.