Tender closes for Development of Pak Tai Street / Mok Cheong Street Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Thursday) announced that a total of seven tender offers have been received for the development of Pak Tai Street/Mok Cheong Street Project in Ma Tau Kok.
A tender review panel will consider the tenders received and make recommendation to the URA Board for a decision on the award of a development agreement in respect of this project.
Earlier, the URA invited expressions of interest from developers and had asked 16 developers to submit a tender for the development.
The project covers a total area of about 770 square metres. Upon completion, it is planned to deliver a total gross floor area of about 6,940 square metres for an estimated total of 92 residential units, together with the provision of commercial space of about 1,150 square metres. The URA intends to provide about 50% of the total number of residential units in the project with a saleable area of or less than 46.5 square metres, i.e. about 500 square feet.