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Chinese Estates Holdings wins URA's Reclamation Street Project

The Urban Renewal Authority (URA) today (Thursday) announced that a wholly-owned subsidiary of Chinese Estates Holdings Limited, Silver Step Limited, has won the joint development contract for its Reclamation Street project in Mong Kok in a public tender exercise.

The project site covers an area of about 5,760 square feet and is expected to deliver a gross floor area of about 51,800 square feet for residential and commercial purposes upon completion.

Chinese Estates Holdings Limited is one of the seven property developers who tendered for the joint venture project. Based on the recommendation of a tender review panel appointed by the URA Board, members of the Board agreed that the offer made by Chinese Estates Holdings Limited has met all the tender requirements and, at the same time, represented the best benefit to the Authority.

The spokesman said the Authority was pleased to have the opportunity of entering into a joint venture with Chinese Estates Holdings Limited, which has solid experience in delivering quality development in Hong Kong.