Insights
Tag: Kwun Tong
Sino Land and Chinese Estates win mega Kwun Tong Redevelopment Project
2 September 2014 - Following the failure of the first tender in July, the Urban Renewal Authority yesterday announced that Sino Land (0083) and Chinese Estates (0127) have won the mega Kwun Tong Redevelopment Project. Sources say that the land price of the project is less than the targeted HKD7 billion. The 5.25-hectare town center site, as lar
URA lowers entry barrier for Kwun Tong mega project
6 August 2014 - The Urban Renewal Authority will re-tender the Kwun Tong redevelopment project, the Kwun Tong Centre Project (Areas 2 and 3), scrapping the HK$8 billion entry fee but leaving unchanged the requirement to build 1,700 mid- to large-sized flats. It is expected that the bottom price will be adjusted and bidding interest from developers
Kwun Tong redevelopment project fails to attract takers
30 July 2014 - The mega Kwun Tong redevelopment project, Kung Tong Town Centre Project (Development Areas 2 & 3), requiring investment of up to HK$18 billion, has failed to attract any takers, the first time the Urban Renewal Authority (URA) has faced such a tender failure. The Authority yesterday said that all tenders had failed to meet the HK$8
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