URA Publishes Tender Amounts of Unsuccessful Submissions for Oak Street / Ivy Street Development Project
The Urban Renewal Authority (URA) today (20 July 2021) published on an anonymous basis the tender amounts offered by the unsuccessful but conforming tenderers in the tender for the Oak Street / Ivy Street Development Project (the Project) in Tai Kok Tsui.
The URA commenced the tender exercise of the Project earlier and a total of 14 tenders were received when the tender closed on 20 May 2021. After careful deliberation by the URA Board, the URA awarded the tender for the Project to Gain Concept Holdings Limited, a wholly owned subsidiary of Charming King Limited, on 10 June 2021. In addition to publishing the name of the successful tenderer and its holding company upon the award of the tender through a press release, the URA also disclosed at the same time the successful tender amount of HK$618.1 million, as well as the identities of the remaining 13 unsuccessful tenderers and their respective parent companies which have submitted tenders conforming to the tender requirements.
After the execution of the development agreement with the successful tenderer, the URA further publishes on an anonymous basis the tender amounts offered by those 13 unsuccessful but conforming tenders. Their tender amounts are listed in descending order as follows:
|
Tender Amount (HK$) |
|
|
1 |
614,000,000 |
|
2 |
568,888,888 |
|
3 |
551,000,000 |
|
4 |
512,000,000 |
|
5 |
508,000,000 |
|
6 |
503,900,000 |
|
7 |
503,800,000 |
|
8 |
488,000,000 |
|
9 |
480,000,000 |
|
10 |
458,000,000 |
|
11 |
398,000,000 |
|
12 |
310,000,000 |
|
13 |
248,000,000 |
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.
(ENDS)