Sun Hung Kai Properties Limited win development contract of URA’s Pak Tai Street/San Shan Road Project in Ma Tau Kok
The Urban Renewal Authority (URA) today (Tuesday) announced that Top Deluxe (H.K.) Limited, a wholly-owned subsidiary of Sun Hung Kai Properties Limited, has won the contract for the development of Pak Tai Street/San Shan Road Project in Ma Tau Kok.
The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of 20 tender offers when the tender closed.
After careful deliberation, the URA Board considered that the tender offer made by Sun Hung Kai Properties Limited has met the tender requirements of the project and its offer is beneficial to the Authority, and thus decided to award the development contract to Sun Hung Kai Properties Limited.
A spokesman for the URA said the Authority was pleased to have the opportunity to implement the Pak Tai Street/San Shan Road Project with Sun Hung Kai Properties Limited, on which it could leverage its experience in developing this project.
The project site covers an area of about 1,087 square metres. Upon completion, it is planned to provide about 160 residential units with a total residential gross floor area of about 8,152 square metres and 1,631 square metres of commercial gross floor area.