25 November 2005
One tender received for Tuen Mun Station property development project
 
One tender was received for the joint venture property development at West Rail Tuen Mun Station at the close of submission today.
Kowloon-Canton Railway Corporation’s (KCRC’s) Director - Property Mr Daniel Lam said, "Tuen Mun project is a relatively large-scale project which involves not only residential blocks but also a sizable shopping mall. It is understandable that some of the shortlisted developers take a more prudent approach.
"The Corporation will carefully examine the tender received and will decide whether to award the joint venture contract or not," Mr Lam said.
The tender received is from Creston Investments Limited, a wholly owned subsidiary of Cheung Kong (Holdings) Ltd.
Occupying an area of about 2.7 hectares, the project has an approximate gross floor area of 145,000 sq. m., comprising 120,000 sq. m. for residential use and 25,000 sq. m. for retail purposes.
The current development proposal comprises seven residential towers housing about 1,924 flats atop a podium containing a retail centre, car park, Park and Ride facilities and a station entrance plus a permanent Public Transport Interchange on the ground floor.
KCRC proposes to develop the site in two phases under one joint venture package.
 
Details of the Tuen Mun Property Development Project

Site Area

Approx. 26,558 sq. m.

Domestic GFA

119,632 sq. m.

Retail

25,000 sq. m.

No. of Residential Flats

About 1,924

Average Flat Size

62.2 sq. m.

Other major facilities: ancillary car parking spaces, loading and unloading bays, Park and Ride Facility, footbridges and a vehicular bridge.

TOTAL

144,632 sq. m.

 
Details of the individual phases:

Phase 1

4 residential towers

1,072 flats

63,632 sq. m.

Retail

N/A

25,000 sq. m.

Phase 2

3 residential towers

852 flats

56,000 sq. m.

Note : The residential blocks will be 32 to 39 storeys in height (excluding roof and sky garden).