The first mixed-development site on Ap Lei Chau is expected to draw positive bidding interest. Developers such as Sun Hung Kai Properties, Henderson Land Development and New World Development have expressed interest in bidding for the site via tender which closes today. Builders such as Wai Kee Holdings and Shui On Construction and Materials also said they would submit bids. However, analysts expected bidding prices would be conservative due to the inherent constraints of the mixed-development concept. The 100,000 square feet site is the first such location under a government pilot scheme aimed at mixing private and public housing in development. Analysts also said contractors were unlikely to outbid developers as the project did not involve pure construction and had higher risks for the winner. The winner will also need to pay an up-front premium for the site, which can provide up to 647,800 sq ft of residential floor area. However, 30 per cent of the units built will be handed over to the Government to sell as substantially subsidised housing to low-income citizens.