Invitation to Tender for Development of URA’s Hang On Street Redevelopment Project
The Urban Renewal Authority (URA) today (Friday) invites a total of 37 property developers to tender for the development of the Hang On Street Redevelopment Project (the Project) in Kwun Tong.
The URA will provide the relevant tender documents to the invited property developers, based on which they can submit tenders for the development. All tender submissions should reach the URA Headquarters at 26/F COSCO Tower, 183 Queen’s Road Central, by 12:00 noon on 10 April 2019 (Wednesday). Any submission of the tender received after the specified closing time mentioned above will not be accepted.
The tender review panel will consider the tenders received and then make recommendation to the URA Board for its decision on the award of the development of the Project.
The Project, which covers a site area of 789.7 square metres, was commenced on 7 November 2014 under the third round of the URA’s Demand-led Redevelopment Projects (Pilot Scheme). Upon completion, it will provide a maximum total gross floor area of about 6,660 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.