18 April 2006
KCRC re-invites expressions of interests for Tuen Mun property development project
The Kowloon-Canton Railway Corporation (KCRC) will re-invite expressions of interest for its Tuen Mun property development project from developers / consortia on 21 April 2006.
Mr. Daniel Lam, KCRC's Property Director said, "The project received one tender at the close of submission on 25 November 2005 when we first put it on tender. After careful review, the Board of Directors of the Tuen Mun Property Development Limited decided not to award the project but to invite expressions of interest again.
"After a lapse of about 9 months since we last invited expressions of interest for the project, there are possible new interests from the market.
"Developers from the original tender shortlist are however not required to re-submit their expressions of interest. They just need to provide us with an update.
"The Corporation proposes to develop the site in two phases under a single joint venture. But we shall, through this exercise, invite developers and consortia to express their preference for the split of payment of land premium, i.e. in one go or two phases," Mr. Lam added.
Occupying an area of about 2.65 hectares, the project has an approximate gross floor area of 144,512 m2, comprising 119,512 m2 for residential use and 25,000 m2 for retail purposes.
The development proposal comprises seven residential towers housing 1,924 flats atop a podium containing a retail centre, carparks, Park and Ride facilities and a station entrance plus a permanent Public Transport Interchange on the ground floor.
According to the current programme, the tender for the project will be awarded in the 2nd quarter of 2006, and the development be completed by 2013.
Details of the Tuen Mun Property Development Project
Site Area Approx. 26,534 m2
Domestic GFA 119,512 m2
Retail 25,000 m2
No. of Residential Flats About 1,924
Average Flat Size 62.1m2
Other major facilities: ancillary car parking spaces, loading and unloading bays, Park and Ride Facility, footbridges and a vehicular bridge.
TOTAL 144,512 m2
Details of the individual phases:
Phase 1 4 residential towers 1,072 flats 63,512 m2
Retail N/A 25,000 m2
Phase 2 3 residential towers 852 flats 56,000 m2
The residential blocks will be 32 to 39 storeys in height (excluding roof and sky garden).