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Press Releases

Expression of Interest for URA's First Street/Second Street Project

In response to media enquiries on the result of the expression of interest exercise for the First Street/Second Street joint development project in Sai Ying Pun, the Urban Renewal Authority (URA) today (Friday) issued the following statement:

A total of 20 submissions have been received expressing an interest in the joint development of the First Street/Second Street project site.

A tender review panel under the URA Board will shortlist the qualified parties and invite them to submit a formal tender for the development.

It is expected that the tender exercise will take place in the near future.

The project covers a site area of about 38,000 square feet and upon completion, is expected to deliver a gross floor area of about 425,000 square feet for residential and commercial use. In addition, an 11,800-square foot residential care home for the elderly and about 7,500 square feet of landscaped open space will be provided.