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URA’s Kwun Tong Town Centre Project (DAs 2 & 3) received 6 tender offers

The Urban Renewal Authority (URA) today (Tuesday) announced that a total of six tender offers have been received for the development of Kwun Tong Town Centre Project (Development Areas 2 & 3) under the revised tender terms and project requirements. 

A tender review panel will consider all tenders received and make recommendation to the URA Board which will make a decision within September this year.

Earlier, the URA invited a total of 10 pre-qualified property developers to submit a tender for the development under the revised tender terms and project requirements following the URA Board's decision in late July.

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.

(ENDS)