Nine Tenders Received for URA’s Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) received a total of nine tenders for the Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun when the invitation for submission of tender closed today (11 July 2022).
A tender review panel (TRP) under the URA Board will consider the tenders received and make recommendation to the URA Board for its decision on the award of the development of the Project.
The URA earlier invited interested property developers to submit Expressions of Interest for the Project. After careful consideration of the Expressions of Interest received, the TRP invited 34 property developers to submit tenders.
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 property 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.