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14 tenders received for URA’s Fuk Chak Street/Li Tak Street demand-led redevelopment project

The Urban Renewal Authority (URA) received a total of 14 tenders for the Fuk Chak Street/Li Tak Street demand-led redevelopment project in Tai Kok Tsui when the invitation for submission of tender closed today (Thursday). 

A tender review panel (TRP) under the URA Board will consider the tenders received and make recommendation to the URA Board for its decision on the award of tender for the project. 

The URA earlier invited interested developers to submit Expressions of Interest for the tender of the project.  After careful consideration of the Expressions of Interest received, the TRP invited 28 property developers to tender for the project. 

The project site, which covers an area of 768 square metres, was commenced in June 2013 under the second round of the URA's Demand-led Redevelopment Projects (Pilot Scheme).  It is tentatively scheduled for completion by 2020/2021, providing about 96 residential units with a total residential gross floor area of about 5,103 square metres and 637 square metres of commercial gross floor area. 

(ENDS)