Eight expressions of interest received for Nam Cheong Station property development
A total of eight expressions of interest have been received for the joint venture property development for Nam Cheong Station, West Rail, at the close of submission today.
KCRC Director of Property, Mr Daniel Lam said, "We are very pleased with the response, which reflects the market’s confidence in the potential of the site.
"Among the eight expressions of interest, two were submitted by consortia involving small to medium sized developers."
The 46,200 sq. m. site will yield about 369,600 sq. m. of gross floor area, comprising 300,300 sq. m. for residential use, 27,660 sq. m for retail use and 41,640 sq. m. for office use. A total of 4,247 flats will be provided. The development will be completed in two phases, with the Phase 1 ready for occupation in 2009.
According to the current plan, the Corporation will invite selected developers/consortia to submit tenders for the proposed development in the second quarter this year while the tender will be awarded in the third quarter. Construction is expected to begin early next year.
Nam Cheong Station property development is among the first batch of sites for which expressions of interest are invited in the year. The Corporation has invited expressions of interest for the site at Wu Kai Sha, and has also planned to invite expressions of interest for the sites at Tsuen Wan West (TW7), Yuen Long and Tuen Mun.
West Rail Nam Cheong Station Property Development (29 April 2005)
List of applicants
NAME OF APPLICANT
Cheung Kong (Holdings) Ltd
Hang Lung Properties Ltd
Henderson Land Development Co., Ltd.
Kerry Properties Ltd.
New World Development Co., Ltd
Wheelock Properties Ltd.
The Wharf (Holdings) Ltd.
Wheelock and Company Ltd.
Harbour Centre Development Ltd.
Sino Land Co. Ltd.
Chinese Estates Holdings Ltd.
K Wah International Holdings Ltd.