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URA tender closes for Yeung Uk Road project

In response to media enquiries on the tender submissions for the joint development of the Yeung Uk Road project in Tsuen Wan, the Urban Renewal Authority (URA) today (Thursday) issued the following statement:

A total of 14 tender offers have been received for the residential/commercial development in Yeung Uk Road, Tsuen Wan.

A tender review panel under the URA Board will consider the tenders and make recommendation to the Board for a decision in due course.

In an invitation of expression of interest in the project last month, 22 developers expressed interest and 20 of them who were qualified were subsequently invited to place a tender.

The 77,824-square foot project site was earmarked by the Government as linked site to facilitate the implementation of the Tsuen Wan Town Centre project, which was commenced by the Land Development Corporation.