Eight Tenders Received for URA’s Hung Fook Street / Ngan Hon Street Development Project
The Urban Renewal Authority (URA) received a total of eight tenders for the Hung Fook Street / Ngan Hon Street Development Project (the Project) in To Kwa Wan when the invitation for submission of tender closed today (25 November 2021).
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 the development of the Project.
The URA earlier invited interested developers/ consortia to submit Expressions of Interest for the Project. After careful consideration of the Expressions of Interest received, the TRP invited 34 property developers/ consortia to submit tenders.
The Project, which covers a site area of 4,581 square metres, was commenced in June 2016. Upon completion, it will provide a maximum total gross floor area of 41,229 square metres.
The successful developer/ consortium will be required to construct the new development in compliance with the requirements of the master design control of To Kwa Wan district in Kowloon City as set out in the development agreement (the Agreement) of the Project to create synergy with adjoining development projects of the URA, allowing comprehensive restructuring and replanning of the area while enhancing walkability and connectivity. The Project will also enhance the livability of the district by adopting place-making and smart initiatives.
In addition, the new development must comply with the standard and quality requirements, the environmentally sustainable provisions and smart provisions set out in the Agreement.