URA – Kwun Tong Town Center Redevelopment – Kowloon City - Project Profile

URA – Kwun Tong Town Center Redevelopment – Kowloon City - Project Profile

  • March 2018 •
  • 7 pages •
  • Report ID: 4882148
Synopsis
"URA – Kwun Tong Town Center Redevelopment – Kowloon City - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "URA – Kwun Tong Town Center Redevelopment – Kowloon City - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
The Urban Renewal Authority (URA) is undertaking the development of a mixed-use complex in Kwun Tong, Hong Kong.

The project involves the construction of a mixed-use urban complex on a land area of 5.35ha, is divided into five development areas and being implemented in three phases of DA1, DA2 and 3, and DA4 and 5.

The Development Area 1 (DA1) project will include construction of 299-unit residential complex with related facilities, named as “Park Metropolitan”, is under construction and expected to complete by the end of 2014.

The Development Area 2 and 3 (DA2 and 3) project will include construction of 1700-unit residential complex, retail units and related facilities.

The Development Area 4 and 5 (DA4 and 5) project will include construction of commercial complex, a hotel, office space, government facilities, shopping center and related facilities.

Construction commenced on DA1 project in first quarter of 2010.

Construction activities are completed on DA1.

In September 2014, a development contract has been awarded to the joint venture of Sino Land and Chinese Estates Holdings Limited for DA2 and 3 project.
51% work on phase DA2 and 3 has been completed.

Construction activities are underway and are scheduled to be completed in the fourth quarter of 2019 on DA2 and 3.

Scope
The project involves the construction of a mixed-use urban complex on a land area of 5.35ha in Kwun Tong, Hong Kong.

The US$5,161 million project includes the following:
1. Construction of 1,999 residential units
2. Construction of commercial complex
3. Construction of a shopping center
4. Construction of hawker’s bazaar
5. Construction of hotels
6. Construction of restaurants
7. Construction of recreational faculties
8. Construction of parking facilities
9. Construction of other related facilities

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=China Industry=Construction ParentIndustry=HeavyIndustry Date=201803 Publisher=Timetric Price=1000