Invitation to Tender for URA’s Oak Street / Ivy Street Development Project
The Urban Renewal Authority (URA) today (19 April 2021) invites a total of 39 property developers to tender for the development of the Oak Street / Ivy Street Development Project (the Project) in Tai Kok Tsui.
The URA will provide the relevant tender documents to the invited property developers, based on which they can submit tenders for the development. All tender submissions should reach the URA Headquarters at 26/F COSCO Tower, 183 Queen’s Road Central, by 12:00 noon on 20 May 2021 (Thursday). Any submission of the tender received after the specified closing time mentioned above will not be accepted.
The tender review panel will consider the tenders received and then make recommendation to the URA Board for its decision on the award of the development of the Project.
The Project, which covers a site area of 619 square metres, was commenced in March 2018. Upon completion, it will provide a maximum total gross floor area of 5,571 square metres.
The URA and the successful developer will enter into a development agreement which sets out the standard and quality requirements, the environmentally sustainable provisions as well as smart provisions for the developer to follow, with an aim to create a sustainable living environment.