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Chinese Estates Holdings Limited wins URA's Larch Street/Bedford Road Project

The Urban Renewal Authority (URA) today (Thursday) announced that a wholly-owned subsidiary of Chinese Estates Holdings Limited, Speed Win Limited, has won the joint development contract for its Larch Street/Bedford Road project in Tai Kok Tsui in a public tender exercise.

The project covers a site area of about 13,200 square feet and upon completion, is expected to deliver a gross floor area of about 119,000 square feet for residential and commercial use.  In addition, about 4,300 square feet of landscaped area will be provided.

Chinese Estates Holdings Limited is one of the nine property developers who tendered for the joint venture project.  Based on the recommendation of a tender review panel appointed by the URA Board, members of the Board agreed that the offer made by Chinese Estates Holdings Limited 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 Chinese Estates Holdings Limited, which has solid experience in delivering quality development in Hong Kong.

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