32 Expressions of Interest Received for URA’s Shing Tak Street / Ma Tau Chung Road Development Project
The Urban Renewal Authority (URA) received a total of 32 Expressions of Interest for the development of the Shing Tak Street / Ma Tau Chung Road Development Project (the Project) in Kowloon City when the invitation for submission closed today (29 August 2023).
A tender review panel under the URA Board will shortlist the qualified developers and consortia from the submissions, taking into consideration their experience in property developments in the past and financial capability to undertake the Project in accordance with the shortlisting criteria set by the tender review panel. Based on the principal tender terms approved by the URA Board, shortlisted developers and consortia will be invited to submit tenders for the development of the Project.
The Project, which commenced in May 2020 and authorised by the Government, is one of the two URA’s pilot projects to redevelop buildings under the Civil Servants’ Co-operative Building Society Scheme. Covering a site area of 4,283 square metres, the Project aims to optimise the development potential of the site. It will provide approximately 640 residential units with a maximum total gross floor area of 38,547 square metres. Furthermore, the Project will improve the local environment by widening the pavements and providing street-level building set-back and greeneries. These enhancements will also improve the walkability in the area.
The successful developer or consortium will be required to construct the new development in compliance with the building design, standards and quality requirements, the environmental sustainability and smart system provisions set out in the development agreement of the Project in order to create a sustainable living environment.