URA Board will make a decision before end of September this year for the tender outcomes of Kwun Tong Town Centre Project (DA 2 & 3)
The Urban Renewal Authority (URA) Board decided to withhold the decision to award the tender for the Kwun Tong Town Centre Project (Development Areas 2 & 3) after careful consideration at today's (Tuesday) meeting.
The URA earlier invited property developers to submit expressions of interest in tendering for the development of Development Areas 2 & 3, and ten pre-qualified property developers had been selected to put forward their tender proposals. The URA finally received four tender proposals. After careful deliberation, the URA Board decided to revise some of the tender terms and project requirements and invite the ten pre-qualified developers which had earlier expressed their interest to submit their tender proposals based on the revised terms.
The URA Board will consider all tender submissions and make a decision before end of September this year. The URA's target to provide about 1,700 residential units in this project by 2019/20 remains unchanged.
The Kwun Tong project is the largest redevelopment initiative ever undertaken by the URA since establishment. With a total area of about 5.35 hectares, the project is divided into five Development Areas and is implemented in phases. Development Areas 2 and 3 that are being put up for tender occupy a site of about 21,754 square metres. The new development targets to deliver some 1,700 residential units of a total gross floor area of about 138,980 square metres, a total non-domestic gross floor areas of about 33,220 square metres for retail shops, a two-level public transport interchange for franchised buses and public light buses, a hawker bazaar and a refuse collection point. A public open space of about 6,400 square metres will also be provided.