Sun Hung Kai Properties wins URA's Po On Road / Shun Ning Road project
The Urban Renewal Authority (URA) today (Monday) announced that
a wholly owned subsidiary of Sun Hung Kai Properties Limited, SHKP
e-Home Limited, has won the joint development contract for its Po
On Road / Shun Ning Road project in Sham Shui Po in a public tender
exercise.
The Po On Road / Shun Ning Road project site covers an area of
about 15,000 square feet and is expected to deliver a gross floor
area of about 135,000 square feet for residential and commercial
purposes upon completion. Open space of about 2,700 square feet in
area will be provided for the enjoyment of the local
community.
Sun Hung Kai Properties is one of the 13 property developers who
tendered for the joint venture project. Based on the
recommendations of a tender review panel appointed by the URA
Board, members of the Board agreed that the offer made by Sun Hung
Kai Properties has met all the tender requirements and, at the same
time, represented the best benefit to the Authority.
The spokesman said the Authority was pleased to have the
opportunity of entering into a joint venture with Sun Hung Kai
Properties, which has solid experience in delivering quality estate
development in Hong Kong.