The URA's "four-in-one" redevelopment project at Hung Fuk Street, Kai Ming Street and Wing Kwong Street in to Kwa Wan was intercepted at noon today (7). According to the scene, at least 17 expressions of interest were received by the URA, including China overseas (00688.HK), New World (00017.HK), Imperial Group, King International (00163.HK), Chinachem, Nan Fung, far East (00035.HK), Asia Ocean International (00129.HK), China Merchants Land (00978.HK) and 00251.HK.
Cai Hongji, the property manager of King International, said that the project is located in the urban area and the scale is not small, and the project conditions will be carefully studied and the bid will be considered in the future.
The four projects, launched between 2013 and 2017, cover two adjacent sites, namely Hung Fuk Street / Kai Ming Street and Wing Kwong Street / Kai Ming Street, with an estimated maximum floor area of about 526800 square feet. The market valuation is about 6 billion to 6.6 billion yuan.