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Henderson Land Development Company Limited wins development contract of URA’s Castle Peak Road/Un Chau Street Development Project

The Urban Renewal Authority (URA) today (Tuesday) announced that the contract for the development of Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po has been awarded to Avion Investment Limited, a wholly-owned subsidiary of Henderson Land Development Company Limited.  The tender amount offered by Avion Investment Limited is HK$1,368.2 million, which is the highest among the tender submissions received by the URA for this project.

The URA earlier invited 37 property developers to submit tenders for the Project following an expression of interest exercise.  The URA received a total of 17 tenders from these 37 property developers when the submission of tender closed on 5 October 2018.

After careful deliberation, the URA Board considered that the tender offer made by Henderson Land Development Company Limited has met the tender requirements of the Project and thus decided to award the development contract to Henderson Land Development Company Limited.  A list of the 16 unsuccessful tenderers and their respective parent companies is at Annex.  The URA will later publish on an anonymous basis the tender amounts of these unsuccessful but conforming tenders after the execution of the development agreement with the successful tenderer (usually within 21 business days after the tender award).

The Project, which covers a site area of about 1,650 square metres, was commenced in February 2014.  Upon completion, the new development will provide a maximum total gross floor area of about 14,840 square metres.

Since the tendering of two URA projects in Sham Shui Po in November 2014, the URA has imposed a minimum flat size requirement for each residential unit with a saleable area of not less than 260 square feet (i.e. 24.2 square metres).  To enhance the living space of the new developments, starting from the Project, the URA will increase the minimum flat size for each residential unit to a saleable area of not less than 300 square feet (i.e. 27.9 square metres).

The successful developer will be required to construct the new development in compliance with the standard and quality requirements, the environmentally sustainable provisions and smart provisions set out in the development agreement of the Project with the aim of creating a sustainable living environment.

(ENDS)

Annex

List of unsuccessful tenderers of the Castle Peak Road/Un Chau Street Development Project
(In alphabetical order of the names of the tenderers)

 

落選投標者

母公司名稱

1

Asia Horizon Limited
(雅凱有限公司)

Sino Land Company Limited
(信和置業有限公司)

2

Castle Energy Limited
(堡勁有限公司)

Chime Corporation Limited
(參明有限公司)

3

City Champion Investments Limited
(世祥投資有限公司)

CK Asset Holdings Limited
(長江實業集團有限公司)

4

Detheridge Estates Limited
(遠東發展(大連)地産有限公司)

Far East Consortium International Limited

5

Dragon Star H.K. Investments Limited
(星龍香港投資有限公司)

K. Wah International Holdings Limited
(嘉華國際集團有限公司)

6

Fortune Master Investments Limited
(福鈞投資有限公司)

Regal Hotels International Holdings Limited

7

Gain Concept Holdings Limited
(達創集團有限公司)

Charming King Limited

8

Gainplace Limited
(潤澤有限公司)

Lai Sun Development Company Limited
(麗新發展有限公司)

9

Hanforth Limited
(恒科有限公司)

Vantage International (Holdings) Limited
(盈信控股有限公司)

10

HLP Asia Limited

Hang Lung Properties Limited
(恒隆地産有限公司)

11

Modern Expert Limited

Wheelock and Company Limited
(會德豐有限公司)

12

Nice East Investment Limited

ITC Properties Group Limited
(德祥地産集團有限公司)

13

Rainbow Dream Limited

New World Development Company Limited
(新世界發展有限公司)

14

Smart Benefit Corporation Limited
(潤俊有限公司)

Emperor International Holdings Limited
(英皇集團(國際)有限公司)

15

United Horizon Limited
(宇訊有限公司)

Wang On Properties Limited
(宏安地産有限公司)

16

Well Capital (H.K.) Limited
(華榮(香港)有限公司)

Sun Hung Kai Properties Limited
(新鴻基地産發展有限公司)