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Sino Land Company Limited wins URA's Pine Street/Anchor Street Project

The Urban Renewal Authority (URA) today (Monday) announced that a wholly-owned subsidiary of Sino Land Company Limited, Sincere Development Limited, has won the joint development contract for its Pine Street/Anchor Street project in Tai Kok Tsui in a public tender exercise.

The project covers a site area of about 25,000 square feet and upon completion, is expected to deliver a maximum gross floor area of about 225,500 square feet for residential and commercial use.  

Sino Land Company Limited is one of the eight 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 Sino Land Company 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 Sino Land Company Limited, which has solid experience in delivering quality development in Hong Kong.