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URA publishes tender amounts of unsuccessful submissions for Tonkin Street/ Fuk Wing Street Development Project

The Urban Renewal Authority (URA) today (28 May 2020) published on an anonymous basis the tender amounts offered by the unsuccessful but conforming tenderers in the tender for the Tonkin Street/ Fuk Wing Street Development Project (the Project) in Sham Shui Po.

The URA commenced the tender exercise of the Project earlier and a total of 17 tenders were received when the tender closed on 7 April 2020.  After careful deliberation by the URA Board, the URA awarded the tender of the Project to Wider Loyal Limited, a wholly-owned subsidiary of Chime Corporation Limited, on 23 April 2020. In addition to publishing the name of the successful tenderer and its holding company upon the award of the tender through a press release, the URA also disclosed at the same time the successful tender amount of HK$912.8 million, as well as the identities of the remaining 16 unsuccessful tenderers and their respective parent companies which have submitted tenders conforming to the tender requirements.

After the execution of the development agreement with the successful tenderer, the URA further publishes on an anonymous basis the tender amounts offered by those 16 unsuccessful but conforming tenders. Their tender amounts are listed in descending order as follows:

 

Tender Amount (HK$)

1

886,300,000

2

840,200,000

3

836,000,000

4

812,800,000

5

738,990,000

6

733,000,000

7

701,000,000

8

660,000,000

9

645,000,000

10

625,000,000

11

602,080,000

12

582,400,000

13

542,000,000

14

440,000,001

15

416,800,000

16

288,000,000

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.

(ENDS)