URA Publishes Tender Amounts of Unsuccessful Submissions for Sung Hing Lane / Kwai Heung Street Development Project
The Urban Renewal Authority (URA) today (14 September 2022) published on an anonymous basis the tender amounts offered by the unsuccessful but conforming tenderers in the tender for the development of Sung Hing Lane / Kwai Heung Street Development Project (the Project) in Sai Ying Pun.
The URA commenced the tender exercise of the Project earlier and a total of nine tenders were received when the tender closed on 11 July 2022. After careful deliberation by the URA Board, the URA awarded the tender for the Project to Mega Source Global Limited, a wholly-owned subsidiary of Far East Consortium International Limited, on 4 August 2022. In addition to publishing the name of the successful tenderer and its holding company upon the award of the tender through a press release, the URA also disclosed at the same time the successful tender amount of HK$1,240 million, as well as the identities of the remaining eight unsuccessful tenderers and their respective parent companies which have submitted tenders conforming to the tender requirements.
After the execution of the development agreement with the successful tenderer, the URA further publishes on an anonymous basis the tender amounts offered by those eight unsuccessful but conforming tenders. Their tender amounts are listed in descending order as follows:
|
|
Tender Amount (HK$) |
|---|---|
|
1 |
1,138,000,000 |
|
2 |
988,000,000 |
|
3 |
940,828,000 |
|
4 |
907,000,000 |
|
5 |
903,000,000 |
|
6 |
900,000,000 |
|
7 |
672,888,000 |
|
8 |
643,000,000 |
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.
(ENDS)