New World Development Company Limited wins development contract of URA’s Kowloon City Road/Sheung Heung Road Project in Ma Tau Kok

The Urban Renewal Authority (URA) today (Tuesday) announced that Rosy Page Limited, a wholly-owned subsidiary of New World Development Company Limited, has won the contract for the development of Kowloon City Road/Sheung Heung Road Project in Ma Tau Kok.

The URA earlier invited a number of pre-qualified property developers to submit a tender for the project. The URA received a total of eight tender offers when the tender closed.

After careful deliberation, the URA Board considered that the tender offer made by New World Development Company Limited has met the tender requirements of the project and thus decided to award the development contract to New World Development Company Limited.

A spokesman for the URA said the Authority was pleased to have the opportunity to implement the Kowloon City Road/Sheung Heung Road Project with New World Development Company Limited, on which it could leverage the experience in developing this project.

The project site covers an area of about 1,384 square metres.  Upon completion, it is planned to provide about 216 residential units with a total residential gross floor area of about 10,380 square metres and 2,076 square metres of commercial gross floor area.

 (ENDS)