14 June 2002
Thirteen expressions of interest received for Tsuen Wan West TW5 Bayside property development
A total of 13 expressions of interest have been received for joint venture development of a site at Tsuen Wan West Station, West Rail, Phase I, at the close of submission today.
The submissions were returned to the Tsuen Wan West Property Development Limited, a subsidiary of West Rail Property Development Limited. The latter is jointly owned by the Kowloon-Canton Railway Corporation (KCRC) and the Government.
Speaking after today’s closing of submissions, KCRC Director, Property, Daniel Lam said, "We are satisfied with the response, which reflects the respondents’ confidence in the potential of the site."
The 4.28-hectare site, known as TW5 Bayside, will yield about 2.59 million square feet of gross floor area, comprising 2.01 million square feet for residential use, 409,000 square feet for retail use and 169,000 square feet for public car parking.
The site will be developed in two phases. Phase I will comprise four residential towers, providing 1,056 flats, on a five-level podium with shops and a car park. Apart from the shops, the ground level will also have a public transport interchange. Phase II will comprise six residential towers providing 1,774 flats and parking facilities. The residential blocks will be 41 to 47 storeys in height.
The Bayside development is set to become a new focal point in Tsuen Wan as it is situated directly above the West Rail Tsuen Wan West Station. It is also adjacent to the Tsuen Wan Town Park Phase II, Tsuen Wan ferry pier and Tsuen Wan Town Hall.
The development will be linked by a comprehensive footbridge network with existing and future developments in the area.
Other attractions of the site include easy access to a proposed waterfront promenade to the south and a clear view of the Rambler Channel and Ting Kau Bridge.
TW5 Bayside is the first site along the West Rail alignment for which expressions of interest are being invited.