The Urban Renewal Authority has received 34 expressions of interest from major local and some mainland developers for the Sung Hing Lane/Kwai Heung Street Development Project in Sai Ying Pun, a rarely available development site on the Hong Kong island.
Henderson Land Development (0012), Far East Consortium International (0035), Emperor International (0163), China Overseas Land & Investment (0688) and Poly Property (0119), were said to be among the developers who expressed their interest.
The project, which covers a site area of 1,077.3 square meters, was valued from HK$1.26 billion to HK$1.6 billion, or from HK$13,500 to HK$17,000 per sq ft. Upon completion, it is planned to provide a total gross floor area of about 8,804 sq m.
A tender review panel will shortlist the qualified developers from the submissions, taking into consideration their development experience and financial capability to undertake the development, and they will be invited to submit tenders, the URA said in a statement yesterday.
Through better site planning and design, the redevelopment aims to enhance the connectivity to the adjoining children's playground while improving the existing pedestrian access from Des Voeux Road West and Kwai Heung Street, the statement said.
In the primary market, Wheelock Properties said sales of 119 homes at Monaco Marine in Kai Tak will take place on Friday.
On sale are 117 homes on price lists including 29 one-bedroom units, 66 two-bedroom units, 22 units with three bedrooms, and two penthouses that will be sold via tender.
Managing director Ricky Wong Kwong-yiu said over 100 homes in the low-rise apartment buildings will be put up for sale after the opening of the East Rail Line cross-harbor extension on Sunday.
The extended railway will boost Kai Tak's property prices by 5 to 10 percent and the developer has raked in over HK$5.65 billion after selling 392 homes this year, Wong added.
In Ho Man Tin, Kerry Properties (0683) has unveiled the second price list with 30 homes for 10 LaSalle.
Together with the first batch, 60 flats will be put on the market on Saturday and Kerry has received nearly 500 checks for the flats, making them 7 times oversubscribed.
In Tai Kok Tsui, the third batch with 62 flats at The Quinn Square Mile was revealed by Henderson.
In Kowloon City, Country Garden (2007) said it may unveil the first batch of Allegro today, offering around 50 units, and the sales may take place next week at the earliest.
