Sham Shui Po redevelopment projects draw keen response
Positive result for two redevelopment projects reflects developers' interest in urban areas

The Urban Renewal Authority (URA) said it received 52 expressions of interest from developers for the tenders of two redevelopment projects in Sham Shui Po.

The URA said a tender review panel would shortlist qualified developers and invite them to submit tenders for the projects. The tender exercise would take place soon, it added.
The bigger redevelopment project at Hai Tan Street/Kweilin Street and Pei Ho Street covers a cluster of three sites with a total area of 80,838 sqft.
It received 25 submissions from big and medium-sized developers including Wheelock and Co, New World Development and Chinese Estates Holdings.
Analysts predicted the bids would range from HK$2.2 billion to HK$2.5 billion.
The project could produce a total floor area of 539,276 sqft, providing 845 residential units and 58,126 sqft of commercial space.