18 November 2002
KCRC awards Ho Tung Lau (Site A) property development project
The Kowloon-Canton Railway Corporation (KCRC) today announced that its Managing Board had approved the award of the tender for the joint venture property development at Ho Tung Lau (Site A) to Full Fair Limited, a wholly owned subsidiary of Sino Land Company Limited.
Of the two tenders received for the project, that returned by Full Fair Limited offered the more attractive financial terms.
The proposed development is adjacent to KCR Fo Tan Station. With an area of about 2.65 hectares, the site will produce approximately 122,900 sq. m. of gross floor area, comprising 120,900 sq. m. for residential use and 2,000 sq. m. for retail purposes.
Five residential blocks of 37 to 40 storeys will be built on a two-storey podium to provide about 1,560 units and 293 car park spaces.
A spokesman for the KCRC said the property development is not expected to be ready for pre-sale until 2006.