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URA tender closes for Johnston Road project

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

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

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 in March this year, 32 developers expressed interest and 28 of them who were qualified were subsequently invited to place a tender.

The project site is about 21,200 square feet in Johnston Road at its junction with Ship Street. It is the first site successfully cleared since the URA commenced acquisition work in March 2002 for a series of redevelopment projects.

The project is expected to deliver about 190,000 square feet of residential floor area and about 28,000 square feet of commercial retail area upon completion in 2007.

One of the requirements of the tender submission is the conservation of five pre-war buildings of historic value to Hong Kong. Four of them are a row of four-storey, Cantonese terraced-style buildings fronting Johnston Road, and the remaining one is a four-storey shop-house in Ship Street.