34 Expressions of Interest Received for Development of URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) received a total of 34 Expressions of Interest for the development of the Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun when the invitation for submission closed today (10 May 2022).
A tender review panel under the URA Board will shortlist the qualified developers from the submissions, taking into consideration their development experience and financial capability to undertake the development in accordance with the shortlisting criteria set by the tender review panel. Based on the principal tender terms approved by the URA Board, shortlisted developers will be invited to submit tenders for the Project.
The Project, which covers a site area of 1,077.3 square metres, was commenced in July 2017. Upon completion, it is planned to provide a total gross floor area of about 8,804 square metres.
Through better site planning and design, the redevelopment aims to enhance the connectivity to the adjoining children’s playground while improving the existing pedestrian access from Des Voeux Road West and Kwai Heung Street.
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.