Chinese Estates Holdings Limited wins URA's Larch Street/Bedford Road Project
The Urban Renewal Authority (URA) today (Thursday) announced
that a wholly-owned subsidiary of Chinese Estates Holdings Limited,
Speed Win Limited, has won the joint development contract for its
Larch Street/Bedford Road project in Tai Kok Tsui in a public
tender exercise.
The project covers a site area of about 13,200 square feet and
upon completion, is expected to deliver a gross floor area of about
119,000 square feet for residential and commercial use. In
addition, about 4,300 square feet of landscaped area will be
provided.
Chinese Estates Holdings Limited is one of the nine 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.
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