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17 tenders received for development of URA’s Castle Peak Road/Un Chau Street Development Project

The Urban Renewal Authority (URA) received a total of 17 tenders for the Castle Peak Road/Un Chau Street Development Project (the Project) in Sham Shui Po when the invitation for submission of tender closed today (Friday).

A tender review panel (TRP) under the URA Board will consider the tenders received and make recommendation to the URA Board for its decision on the award of the development of the Project.

The URA earlier invited interested developers to submit Expressions of Interest for the Project.  After careful consideration of the Expressions of Interest received, the TRP invited 37 property developers to submit tender.

The Project, which covers a site area of about 1,650 square metres, was commenced in February 2014.  Upon completion, the new development will provide a maximum total gross floor area of about 14,840 square metres.

Since the tendering of two URA projects in Sham Shui Po in November 2014, the URA has imposed a minimum flat size requirement for each residential unit with a saleable area of not less than 260 square feet (i.e. 24.2 square metres).  To enhance the living space of the new developments, starting from the Project, the URA plans to increase the minimum flat size for each residential unit to a saleable area of not less than 300 square feet (i.e. 27.9 square metres).

The successful developer will be required to construct the new development in compliance with the standard and quality requirements, the environmentally sustainable provisions and smart provisions set out in the development agreement of the Project with the aim of creating a sustainable living environment.