3 August 2006
KCRC Awards Joint Venture for Tuen Mun Station Property Development
The Kowloon-Canton Railway Corporation (KCRC) today, on behalf of Tuen Mun Property Development Limited (TMPDL) (a subsidiary of West Rail Property Development Limited), announced that it has awarded a joint venture contract to Wetland Park Management Services Limited for the West Rail Tuen Mun Station property development project. Wetland Park Management Services Limited is a wholly owned subsidiary of Sun Hung Kai Properties Ltd.
A KCRC spokesman said, "The award was made after careful evaluation of all tenders in accordance with the Corporation's tendering procedure.
"KCRC is pleased that this development is now underway.
"KCRC will continue to act as an agent for TMPDL. Profits generated for TMPDL will go to the Government."
Occupying an area of about 2.65 hectares, the project has an approximate gross floor area of 155,160 sq m, comprising 119,512 sq m for residential use, 25,000 sq m for retail purposes and 10,648 sq m for a permanent public transport interchange. It will produce about 1,924 flats with an average flat size of about 62.1 sq m. The project will be completed by 2013.
A total of four tenders were received for the joint venture property development at West Rail Tuen Mun Station at the close of submission on 28 July 2006.
Details of the Tuen Mun Property Development Project
Site Area Approx. 23,742 m2
Domestic GFA 119,512 sq. m.
Retail 25,000 sq. m.
A Permanent Public Transport Interchange 10,648 sq. m.
No. of Residential Flats About 1,924
Average Flat Size 62.1 sq. m.
Other major facilities: ancillary car parking spaces, loading and unloading bays, Park and Ride Facility, footbridges and a vehicular bridge.
TOTAL 155,160 sq. m.
The residential blocks will be 32 to 39 storeys in height (excluding roof and sky garden).