URA invites bids for Bailey Street/Chi Kiang Street project

The Urban Renewal Authority invited developers to submit bids for the development of the Bailey Street / Chi Kiang Street project in Kowloon on Friday, which will be concluded on July 27.

Previously, the project received 27 expressions of interest, including CK Asset (1113), Henderson Land Development (0012), Sun Hung Kai Properties (0016), Chinachem, Great Eagle (0041), China Overseas Land & Investment (0688), and Citic Pacific.

The project is one of two sites granted to the URA by the government, which is located at the junction of Bailey Street and Chi Kiang Street.

This site, measuring 7,600 square meters, is expected to yield no fewer than 1,200 residential units.   

Market valuations for the site range between HK$4.42 billion and HK$5.53 billion, or HK$6,000 to HK$7,500 per square foot.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓