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28 Expressions of Interest received for URA’s Fuk Chak Street/Li Tak Street Demand-led Redevelopment Project

The Urban Renewal Authority (URA) received a total of 28 Expressions of Interest for the Fuk Chak Street/Li Tak Street demand-led redevelopment project in Tai Kok Tsui when the invitation for submission closed today (Monday).

A tender review panel under the URA Board will shortlist the qualified developers, taking into consideration their experience and financial capability to undertake the development in accordance with the requirements and criteria set by the URA.  The URA will soon invite the qualified developers to submit tenders for the development based on the principal tender terms approved by the URA Board earlier. 

The project, which covers an area of 768 square metres, was commenced in June 2013 under the second round of the URA's Demand-led Redevelopment Projects (Pilot Scheme).  It is tentatively scheduled for completion by 2020/2021, upon which it is planned to provide about 96 residential units with a total residential gross floor area of about 5,103 square metres and 637 square metres of commercial gross floor area.