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Tender closes for development of URA's Fuk Tsun Street / Pine Street project in Tai Kok Tsui

The Urban Renewal Authority (URA) today (Friday) announced that a total of seven tender offers have been received for the joint venture development of Fuk Tsun Street/Pine Street project in Tai Kok Tsui.

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 15 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 560 square metres and upon completion is expected to deliver a total residential gross floor area of about 4,200 square metres for 72 residential units, together with the provision of commercial space of about 840 square metres. In line with its recent approach, URA plans to provide at least 43 small-sized residential units in this project which will have an area of  less than 46.5 square metres, i.e. about 500 square feet.