11 November 2005
Twenty-four expressions of interest received for Tai Wai Maintenance Centre property development project
 
A total of 24 expressions of interest were received for the joint venture property development for Tai Wai Maintenance Centre at the close of submission today.
KCRC said the Corporation was very pleased with the response, which reflected the market's confidence in the potential of the site and the property market.
Occupying an area of about 7.06 hectares, the project has an approximate gross floor area of 339,845 sq. m., comprising 313,955 sq. m. for residential use and 25,890 sq. m. for non-residential uses.
The current development proposal comprises 12 residential towers housing about 4,304 flats, two schools and one Integrated Use Centre facility. The Tai Wai Maintenance Centre at ground level of the development podium has already been completed and put into operation in December 2004.
KCRC proposes to implement the project under two joint venture packages. According to the current programme, the tenders (i.e. Tender 1 and Tender 2) for the project will be awarded in the 1st quarter of 2006, target for completion in phases by 2010.
The Tai Wai Maintenance Centre property development project is the fourth property development project of the Corporation inviting expressions of interest in 2005.
 
Details of the Tai Wai Maintenance Centre Property Development Project :
Site Area Approx. 70,597 sq. m.
Domestic GFA 313,955 sq. m.
Non-domestic GFA (2 schools and 1 G/IC facility) 25,890 sq. m.
No. of Residential Flats About 4,304
Average Flat Size 73 sq. m.
Other major facilities: residents’ clubhouse, ancillary car parking spaces, loading and unloading bays and landscaped podium deck.
TOTAL 339,845 sq. m.
Details of the 2 tender packages :
Tender 1 (Sites B+C) 8 residential towers 2,928 flats 213,583 sq. m.
1 school and 1 G/IC facility N/A 14,030 sq. m.
Tender 2 (Site D) 4 residential towers 1,376 flats 100,372 sq. m.
1 school N/A 11,860 sq. m.
Note : The tower blocks will be 43 to 50 residential floors in height (excluding entrance lobby, roof and refuse floors/sky garden).
 
Consolidated list of developers/consortia which have submitted
EOI for the Tai Wai Maintenance Centre Development Project
1. Cheung Kong (Holdings) Limited
2. China Overseas Land & Investment Ltd.
3. Hang Lung Properties Limited
4. Henderson Land Development Co. Ltd.
5. Kerry Properties Limited
6. K. Wah International Holdings Limited
7. Kowloon Development Company  Limited 
Polytec Holdings International Limited
8. Manhattan Garments Holdings Limited
9. Nam Fung Textiles Consolidated Limited (HK)
10. New World Development Company Limited
11. SEA Holdings Limited
12. Sino Land Company Limited
13. Sun Hung Kai Properties Ltd.
14. The Wharf (Holdings) Limited
15. Wheelock Properties Limited