URA Publishes Tender Amounts of Unsuccessful Submissions for Queen’s Road West / In Ku Lane Development Project

The Urban Renewal Authority (URA) today (8 February 2023) published on an anonymous basis the tender amounts offered by the unsuccessful but conforming tenderers in the tender for the development of Queen’s Road West / In Ku Lane Development Project (the Project) in Sai Ying Pun.

The URA commenced the tender exercise of the Project earlier and a total of seven tenders were received when the tender closed on 24 November 2022.  After careful deliberation by the URA Board, the URA awarded the tender for the Project to Sky Oasis Enterprises Limited, a wholly-owned subsidiary of CK Asset Holdings Limited, on 15 December 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$1,161 million, as well as the identities of the remaining six 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 six unsuccessful but conforming tenders.  Their tender amounts are listed in descending order as follows:

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.

(ENDS)