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Sun Hung Kai Properties wins URA's Po On Road / Shun Ning Road project

The Urban Renewal Authority (URA) today (Monday) announced that a wholly owned subsidiary of Sun Hung Kai Properties Limited, SHKP e-Home Limited, has won the joint development contract for its Po On Road / Shun Ning Road project in Sham Shui Po in a public tender exercise.

The Po On Road / Shun Ning Road project site covers an area of about 15,000 square feet and is expected to deliver a gross floor area of about 135,000 square feet for residential and commercial purposes upon completion. Open space of about 2,700 square feet in area will be provided for the enjoyment of the local community.

Sun Hung Kai Properties is one of the 13 property developers who tendered for the joint venture project. Based on the recommendations of a tender review panel appointed by the URA Board, members of the Board agreed that the offer made by Sun Hung Kai Properties has met all the tender requirements and, at the same time, represented the best benefit to the Authority.

The spokesman said the Authority was pleased to have the opportunity of entering into a joint venture with Sun Hung Kai Properties, which has solid experience in delivering quality estate development in Hong Kong.