22 tenders received for development of URA’s Peel Street/Graham Street Project (Site A)
The Urban Renewal Authority (URA) received a total of 22 tenders for Site A of the Peel Street/Graham Street project (the Project) when the invitation for submission of tender closed today (Monday).
A tender review panel (TRP) of the URA Board will consider the tenders received and make recommendation to the URA Board for its decision on the award of tender for Site A of the Project.
The URA earlier invited interested developers to submit Expression of Interest for the tender of Site A of the Project. After careful consideration of the Expression of Interest received, the TRP invited 42 developers to submit tenders for Site A of the Project.
The Project is divided into three sites (Sites A, B and C) and is being implemented in phases. The site being put up for tender is Site A situated on Peel Street, which covers a site area of about 890 square metres. Upon completion, the site is planned to provide about 116 residential units with a total residential gross floor area of about 7,830 square metres, a gross floor area of about 1,460 square metres for a multi-purpose activities hall and commercial purposes and public open space of not less than 300 square metres for the enjoyment of the public.
The successful tenderer will be required to develop Site A of
the Project in compliance with the standard and quality
requirements, the environmentally-sustainable provisions and
"smart" provisions such as home energy and water consumption
system, home health and wellness system, smart display, home waste
management system, building information modelling, and building
management system, etc. set out in the development agreement of the
tender with the aim of creating a sustainable living
environment.
(ENDS)