URA Receives 28 EOIs for To Kwa Wan Road / Wing Kwong Street Project
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
The Urban Renewal Authority (URA) announced on Thursday that it received 28 expressions of interest (EOIs) for the To Kwa Wan Road / Wing Kwong Street development scheme . The project has attracted interest from major developers including Chinachem and China Overseas Land and Investment (stock code: 0688) . The development covers a site area of approximately 5,475 square metres and is projected to provide around 1,050 residential units . Market valuations for the site range from HK$3.71 billion to HK$4.51 billion, equivalent to HK$7,000 to HK$8,500 per square foot .
Key Points
- Site area of approximately 5,475 square metres with planned delivery of around 1,050 residential units
- Market valuations ranging from HK$3.71 billion to HK$4.51 billion, or HK$7,000 to HK$8,500 per square foot
- Project represents the final redevelopment site within Victoria Cove Central, Hong Kong's first District-based Redevelopment New Community
- Located near To Kwa Wan MTR Station with plans for two foot bridges connecting to the station entrance and One Victoria Cove
- Attracted submissions from major developers including Chinachem and China Overseas Land and Investment
Why It Matters
As the final piece of Victoria Cove Central, this project marks the completion of Hong Kong's first District-based Redevelopment New Community . The planned foot bridge connections will significantly enhance pedestrian accessibility between the MTR station, existing residential areas, and the new development, potentially setting a precedent for future urban renewal projects in the territory .
As the final piece of Victoria Cove Central, this project marks the completion of Hong Kong's first District-based Redevelopment New Community . The planned foot bridge connections will significantly enhance pedestrian accessibility between the MTR station, existing residential areas, and the new development, potentially setting a precedent for future urban renewal projects in the territory .