The Kwun Tong Town Centre Development Areas 4 and 5 Project covers an area of 275,502 sq ft. Photo: Jonathan Wong
The Kwun Tong Town Centre Development Areas 4 and 5 Project covers an area of 275,502 sq ft. Photo: Jonathan Wong

URA’s Kwun Tong town centre redevelopment tender likely to draw muted response amid bleak economic outlook, analysts say

  • Only three to four bids can be expected from top developers because of the ‘large and long-term investment’, says Alex Leung of CHFT Advisory
  • Market observers expect the site to fetch between HK$18 billion and HK$20 billion, compared with earlier estimates of as much as HK$26 billion

The Kwun Tong Town Centre Development Areas 4 and 5 Project covers an area of 275,502 sq ft. Photo: Jonathan Wong
The Kwun Tong Town Centre Development Areas 4 and 5 Project covers an area of 275,502 sq ft. Photo: Jonathan Wong
READ FULL ARTICLE