21 January 2005
17 expressions of interest received for Wu Kai Sha Station property development
 
A total of 17 submissions for expressions of interest have been received by the Kowloon-Canton Railway Corporation (KCRC) for the joint venture property development at Wu Kai Sha Station, Ma On Shan Rail, at the close of submission today.
KCRC’s Director-Property, Mr Daniel Lam, said, "We are pleased with the response, which reflects the developers’ confidence in the potential of the site and the property market."
"The Corporation is committed to developing quality properties whilst maximising the use of the Corporation’s asset," he added.
The 3.4 hectare site will yield about 172,650 sq. m. of gross floor area, comprising 168,650 sq. m. for residential use, 3,000 sq. m. for retail use and 1,000 sq. m. for a kindergarten. A total of 2,528 flats will be provided. The development will be completed in three phases, with Phase 1 anticipated to be completed in 2008.
According to the current plan, the Corporation will invite shortlisted developers to submit tenders for the proposed development during the first quarter of this year while the tender will be awarded in the second quarter. Construction is expected to begin later this year.
The Wu Kai Sha Station property development is among the first batch of sites for which expressions of interest are invited in the year. The Corporation has also planned to invite expressions of interest for the sites at Nam Cheong, Tsuen Wan West (TW7), Yuen Long and Tuen Mun.
 
Details of the Wu Kai Sha Property Development Project

Site Area

Approx. 34,151 sq. m.

Residential Accommodation

168,650 sq. m.

Retail
Kindergarten
TOTAL

3,000 sq. m.
1,000 sq. m.
4,000 sq. m.

No. of Residential Flats

2,528

Average Flat Size

67 sq. m.

Ancillary car parking spaces, loading and unloading bays to serve residential accommodation, retail and kindergarten. Also, a Park and Ride facility of 65 car parking spaces is to be provided

TOTAL

172,650 sq. m.

 
Details of the individual phases:

Phase 1 (Site A)

3 residential towers

1,008 flats

66,985 sq. m.

Retail

 

3,000 sq. m.

Kindergarten

 

1,000 sq. m.

Clubhouse, Park and Ride, Ancillary Carpark

Phase 2 (Site B)

2 residential towers

752 flats

52,465 sq. m.

Phase 3 (Site C)

2 residential towers

768 flats

49,200 sq. m.

The residential blocks will be 40 to 48 storeys in height.
 

Property Development Project above Wu Kai Sha Station, Ma On Shan Rail Expressions of interest

1.    Cheung Kong (Holdings) Limited
2.    China Overseas Land & Investment Limited / Wealth Join Development Limited
3.    CITIC Pacific Limited
4.    Chun Wo Holdings Limited on behalf of Rich Wide Development Limited    
5.    Golden Arrow Limited / K. Wah International Holdings Limited
6.    Hang Lung Properties Limited
7.    Henderson Land Development Company Limited
8.    HKR International Limited
9.    Kerry Properties (H.K.) Limited
10.  Kowloon Development Company Limited
11.  Longguard Investments Limited / Sun Hung Kai Properties Limited
12.  Nan Fung Development Limited
13.  New World Development Company Limited
14.  SEA Holdings Limited
15.  Sino Land Company Limited
16.  USI Holdings Limited / Winsor Properties Holdings Limited
17.  Wheelock Properties Limited