URA tender closes for First Street/Second Street project
In response to media enquiries on the tender submissions for the
joint development of the First Street/Second Street project in Sai
Ying Pun, the Urban Renewal Authority (URA) today (Friday) issued
the following statement:
A total of 11 tender offers have been received for the
residential/commercial development in First Street/Second Street,
Sai Ying Pun.
A tender review panel under the URA Board will consider the
tenders and make recommendation to the Board for a decision in due
course.
Among the developers who earlier took part in an expression of
interest exercise for the project, 14 were invited to submit a
tender.
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.