Sino Land Company Limited wins URA's Pine Street/Anchor Street Project
The Urban Renewal Authority (URA) today (Monday) announced that
a wholly-owned subsidiary of Sino Land Company Limited, Sincere
Development Limited, has won the joint development contract for its
Pine Street/Anchor Street project in Tai Kok Tsui in a public
tender exercise.
The project covers a site area of about 25,000 square feet and
upon completion, is expected to deliver a maximum gross floor area
of about 225,500 square feet for residential and commercial
use.
Sino Land Company Limited is one of the eight 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 Sino Land
Company 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 Sino Land Company
Limited, which has solid experience in delivering quality
development in Hong Kong.
(ENDS)