Wednesday, January 19, 2022
Martin Hennecke

To Kwa Wan project attracts eight bids
<p>The Urban Renewal Authority received a total of eight bids for the Hung Fook Street/Ngan Hon Street development project in To Kwa Wan when the tender closed yesterday.</p><p>A tender review panel will consider the bids and make recommendations to the board for its decision on the award of the project.</p><p>The project covers an area of 4,581 square meters and was first announced in June 2016. Upon completion, it will provide a maximum total gross floor area of 41,229 sq m.</p><p>Alvin Lam Tsz-pun, director at Midland Surveyors said the site is rare in terms of the scale of development and with a number of URA redevelopment projects nearby, it is estimated that the area will have a new look in the future.</p><p>He said the site is valued at about HK$5.33 billion, or at around HK$12,000 per square foot.</p><p>Meanwhile, Sun Hung Kai Properties (0016) said that its new project - the Yoho Hub atop Yuen Long Station, with a total of 1,030 flats, is expected to receive presale consent soon.</p><p>A sales brochure will be uploaded this month at the earliest with sales commencing in December, the developer said, adding that the first price list will offer at least 206 flats ranging from one-bedroom to four-bedroom units.</p><p>On The Peak, luxury house project Twenty Peak Road By V revealed the sales brochure, offering four houses ranging from 3,722 to 4,740 sq ft.</p>

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