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Tender awarded for development of URA’s Tonkin Street/ Fuk Wing Street Development Project

The Urban Renewal Authority (URA) today (23 April 2020) announced that the contract for the development of the Tonkin Street/ Fuk Wing Street Development Project (the Project) in Sham Shui Po has been awarded to Wider Loyal Limited, a wholly-owned subsidiary of Chime Corporation Limited. The tender amount offered by Wider Loyal Limited is HK$912.8 million, which is the highest among the tender submissions received by the URA for this project.

The URA earlier invited 36 property developers to submit tenders for the Project following an expression of interest exercise. The URA received a total of 17 tenders from these 36 property developers when the submission of tender closed on 7 April 2020.

After careful deliberation, the URA Board considered that the tender offer made by Wider Loyal Limited has met the tender requirements of the Project and thus decided to award the development contract to Wider Loyal 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 1,070 square metres, was commenced in March 2013. Upon completion, it will provide a maximum total gross floor area of about 9,670 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.

 

Annex

List of unsuccessful tenderers of the Tonkin Street/ Fuk Wing Street Development Project
(In alphabetical order of the names of the tenderers)

 

Name of Unsuccessful Tenderer

Name of Parent Company

1

Ample Sources Limited

(裕厚有限公司)

Chevalier International Holdings Limited

2

Champion Estate (HK) Limited

Wing Tai Properties Limited

(永泰地產有限公司)

3

Crown Gain Investments Limited

(冠基投資有限公司)

CK Asset Holdings Limited

(長江實業集團有限公司)

4

Detheridge Estates Limited

(遠東發展(大連)地產有限公司)

Far East Consortium International Limited

5

Gain Concept Holdings Limited

(達創集團有限公司)

Charming King Limited

6

Happy Land Corporation Limited

(茂歡有限公司)

Emperor International Holdings Limited

(英皇集團(國際)有限公司)

7

Lucky Victory Limited

(立聲有限公司)

Sino Land Company Limited

(信和置業有限公司)

8

Modern Expert Limited

Wheelock and Company Limited

(會德豐有限公司)

9

Nation Star Development Limited

(永利星發展有限公司)

Henderson Land Development Company Limited

(恒基兆業地產有限公司)

10

Nice East Investment Limited

ITC Properties Group Limited

(德祥地產集團有限公司)

11

Pristine Great Limited

(真浩有限公司)

Lai Sun Development Company Limited

(麗新發展有限公司)

12

Rainbow Legend Limited

(采銳有限公司)

Road King Infrastructure Limited

13

Strong Associate Limited

(浩昌興業有限公司)

K. Wah International Holdings Limited

(嘉華國際集團有限公司)

14

Topco (H.K.) Limited

(誠高(香港)有限公司)

Sun Hung Kai Properties Limited

(新鴻基地産發展有限公司)

15

Town House Development Limited

(建家發展有限公司)

Kowloon Development Company Limited

(九龍建業有限公司)

16

United Horizon Limited

(宇訊有限公司)

Wang On Properties Limited

(宏安地產有限公司)


(ENDS)