Invitation for Expressions of Interest for Development of URA’s Hang On Street Redevelopment Project

The Urban Renewal Authority (URA) will invite interested developers to submit Expressions of Interest (EOI) for the development of the Hang On Street Redevelopment Project (the Project) in Kwun Tong tomorrow (Friday).

The Project, which covers a site area of 789.7 square metres, was commenced on 7 November 2014 under the third round of the URA’s Demand-led Redevelopment Projects (Pilot Scheme).  Upon completion, it will provide a maximum total gross floor area of about 6,660 square metres.

The successful developer will be required to construct the new development in compliance with the standard and quality requirements, the environmentally sustainable provisions and smart provisions set out in the development agreement of the Project with the aim of creating a sustainable living environment.

Information about the submission of the EOI for the Project will be available at the URA’s website (www.ura.org.hk) and published in some local newspapers tomorrow.  The Invitation Brochure for the Project can be obtained upon request from the URA’s Headquarters.  Developers interested in the development are requested to submit the duly completed and signed Reply Form, together with the required information to substantiate their development experience and financial capability to undertake the development in accordance with the requirements and criteria set by the URA.  All EOI should be submitted to the URA’s Headquarters at 26/F COSCO Tower, 183 Queen’s Road Central, by 12:00 noon on 18 February 2019 (Monday).  Any submission of the EOI received after the specified closing time mentioned above will not be accepted.

A tender review panel under the URA Board will consider all EOI submissions and shortlist qualified companies, which will be invited to submit tenders for the development later.

(ENDS)