17 March 2006
KCRC receives 11 tenders for Tai Wai Maintenance Centre property development project
The Kowloon-Canton Railway Corporation (KCRC) today received 11 tenders for its Tai Wai Maintenance Centre property development project, which is implemented under two joint venture packages.
Speaking after today's closing of submission, KCRC's Director - Property, Mr Daniel Lam, said, "In view of the scale of the project, we are very pleased to have received 11 tenders in total, particularly when some of the tenders are from a consortium involving small and medium-sized developers. The Corporation will carefully examine the tenders, with a view to awarding the tender this month and commencing construction later this year."
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 use.
The current development proposal comprises 12 residential towers housing about 4,304 flats, two schools and one G/IC facility. The Tai Wai Maintenance Centre at ground level of the development podium has already been completed and put into operation in December 2004.
The premium of the development will be paid in two phases. The Corporation has already reached a consensus with the Government's Lands Department regarding the premium of the first phase. Negotiation on the premium of the second phase will be conducted at a later stage.
The project is targeted for completion in phases by 2010.
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.
The tower blocks will be 43 to 50 residential floors in height (excluding entrance lobby, roof and refuge floors/sky gardens).
List of tendered developers / consortia for the Tai Wai Maintenace Development Project
Cheung Kong (Holdings) Ltd.
Hang Lung Properties Ltd.
Henderson Land Development Co. Ltd.
Consortium consisting of:

Sino Land Company Limited

Chen's Holdings Ltd.

China Overseas Land & Investment Limited

Chinese Estates Holdings Ltd.