Chinese Estates Holdings wins URA's Reclamation Street Project
The Urban Renewal Authority (URA) today (Thursday) announced
that a wholly-owned subsidiary of Chinese Estates Holdings Limited,
Silver Step Limited, has won the joint development contract for its
Reclamation Street project in Mong Kok in a public tender
exercise.
The project site covers an area of about 5,760 square feet and is
expected to deliver a gross floor area of about 51,800 square feet
for residential and commercial purposes upon completion.
Chinese Estates Holdings Limited is one of the seven property
developers who tendered for the joint venture project. Based on the
recommendation of a tender review panel appointed by the URA Board,
members of the Board agreed that the offer made by Chinese Estates
Holdings Limited 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 Chinese Estates
Holdings Limited, which has solid experience in delivering quality
development in Hong Kong.