2 Feb 2023
Tender Result for URA’s Kwun Tong Town Centre Development Areas 4 & 5 Project
The Urban Renewal Authority (URA) announced today (2 February 2023) that the URA Board had decided to reject the tender submission received for the joint venture development of Development Areas 4 & 5 of the Kwun Tong Town Centre Project.
On the closing date of tender submission on 11 January 2023, only one tender was received. The URA Board, having considered the recommendation provided by the Tender Review Panel, set up under the URA Board, after careful deliberation of the submission made by the tenderer, endorsed the recommendation to reject the tender.