Tender Award for Development of URA’s Queen’s Road West / In Ku Lane Development Project

The Urban Renewal Authority (URA) announced today (15 December 2022) that the contract for the development of the Queen’s Road West / In Ku Lane Development Project (the Project) in Sai Ying Pun has been awarded to Sky Oasis Enterprises Limited, a wholly-owned subsidiary of CK Asset Holdings Limited, with a tender amount at HK$1,161 million.

The URA earlier invited 32 developers to submit tenders for the Project following an expression of interest exercise.  The URA received a total of seven tenders from these 32 developers when the submission of tender closed on 24 November 2022.

After careful deliberation, the URA Board considered that the tender offer made by Sky Oasis Enterprises Limited has met the tender requirements of the Project and thus decided to award the development contract to Sky Oasis Enterprises Limited.  A list of the six unsuccessful tenderers and their respective parent companies is at Annex.  The URA will later publish on an anonymous basis the tender amounts of these unsuccessful but conforming tenders after the execution of the development agreement (the Agreement) with the successful tenderer (within 21 business days after the tender award).

The Project, which covers a site area of 1,566.7 square metres, was commenced in March 2018.  It is planned to provide a total gross floor area of about 11,290 square metres upon completion.

The Project aims to rationalise the land uses and layout within the Project and its adjoining area by re-planning the nearby public open space to improve the connectivity, accessibility and built environment.  Apart from the public open space, the existing In Ku Lane Refuse Collection Point and public toilet will also be re-provisioned in-situ and integrated within the future development with enhanced serviceability.

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 Agreement with the aim of creating a quality living environment in the Central and Western District.

Annex

List of Unsuccessful Tenderers for Queen’s Road West / In Ku Lane Development Project
(In alphabetical order of the names of the tenderers)

(ENDS)