A subsidiary of Henderson Land has won a tender for Urban Renewal Authority’s Bailey Street/ Wing Kwong Street development project in To Kwa Wan.
Everstar Development won the contract with HK$8.19 billion, beating five other competitors.
The project, which covers a site area of 7,406 square metres, was commenced in March 2016. Upon completion, it will provide a maximum total gross floor area of 66,654 square metres.
The successful developerwill be required to construct the new development in compliance with the requirements of the master design control of To Kwa Wan district in Kowloon City as set out in the development agreement to create synergy with adjoining development projects of the URA.
The project will also enhance the livability of the district by adopting place-making and smart initiatives.