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Invitation for Expression of Interest for First Street/Second Street Project

The Urban Renewal Authority (URA) will invite real estate developers to submit an expression of interest (EOI) for the joint development of the First Street/Second Street redevelopment project in Sai Ying Pun tomorrow (Friday).

The project covers a site area of about 38,000 square feet and upon completion, is expected to deliver a gross floor area of about 425,000 square feet for residential and commercial use. In addition, an 11,800-square foot residential care home for the elderly and about 7,500 square feet of landscaped open space will be provided.

Parties interested in the project are requested to indicate their professional competence and financial capability to undertake the development in accordance with the requirements and criteria set by the Authority.

Submissions should be returned to the URA Headquarters at 10/F Low Block, Grand Millennium Plaza, 181 Queen's Road Central, by 5 pm on 27 May, 2005.

A tender review panel under the URA Board will shortlist the qualified parties and invite them to submit a formal tender for the joint development. It is expected that the tender exercise will follow shortly.