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Tender closes for development of URA's Third Street/ Yu Lok Lane/ Centre Street Project in Sai Ying Pun

The Urban Renewal Authority (URA) today (Monday) announced that a total of eight tender offers have been received for the joint venture development of Third Street/ Yu Lok Lane/ Centre Street Project in Sai Ying Pun.

A tender review panel will consider the tenders received and make recommendation to the URA Board for a decision in due course.

Earlier, the URA received 17 submissions expressing an interest in the joint venture development of the project; all of them were invited to submit a tender for the development.

The project site is about 2,150 square metres and upon completion is expected to deliver a maximum gross floor area of about 16,460 square metres mainly for residential use, together with the provision of public open space of about 1,180 square metres. URA plans to provide more small-sized units of about 46.5 square metres in this project, i.e. about 500 square feet. As a result, this development will provide about 270 residential units.

There is also a plan to preserve a pair of existing tenement buildings for adaptive re-use, and implement a theme to re-captivate the laneway character by integrating with those preserved elements of existing tenement buildings in the design.