Sino Land Company Limited wins development contract of URA’s Kowloon Road/Kiu Yam Street Demand-led Project in Sham Shui Po
The Urban Renewal Authority (URA) today (Tuesday) announced that Elite Land Development Limited, a wholly-owned subsidiary of Sino Land Company Limited, has won the contract for the development of Kowloon Road/Kiu Yam Street demand-led redevelopment project in Sham Shui Po.
The URA earlier invited a number of qualified property developers to submit tenders for the project following an Expression of Interest exercise. The URA received a total of 11 tender offers when the tender closed on 5 October.
After careful deliberation, the URA Board considered that the tender offer made by Sino Land Company Limited has met the tender requirements of the project and thus decided to award the development contract to Sino Land Company Limited.
A spokesman for the URA said the Authority was pleased to have the opportunity to implement the Kowloon Road/Kiu Yam Street demand-led redevelopment project in Sham Shui Po with Sino Land Company Limited, on which it could leverage the experience in developing this project.
The project site, which covers an area of 543 square metres, was commenced in April 2013 under the second round of the URA's Demand-led Redevelopment Projects (Pilot Scheme). It is tentatively scheduled for completion by 2019/2020, upon which it is planned to provide about 80 residential units with a total residential gross floor area of about 4,070 square metres and 814 square metres of commercial gross floor area.