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Invitation to Tender for First Street/Second Street Project

The Urban Renewal Authority (URA) today (Monday) invited a total of 14 property developers to tender for the joint development of the First Street/Second Street project in Sai Ying Pun.

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.

Following the expression of interest exercise which closed on 27 May, a tender review panel under the URA Board decided to invite 14 interested parties 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.

All tender submissions should reach the URA Headquarters at 10/F Low Block, Grand Millennium Plaza, 181 Queen's Road Central, by 5:00 pm on 8 July 2005.