The Urban Renewal Authority (URA) said it has awarded the contract for the development of the Kwun Tong Town Centre Project (Development Areas 2 & 3) to a consortium, Union Score Investments Limited, consisting of Sino Land (00083) and Chinese Estates (00127).
The Kwun Tong project is the largest redevelopment initiative ever undertaken by the URA since establishment. With a total area of about 5.35 hectares, the project is divided into five Development Areas and is implemented in phases. Development Areas 2 and 3 that are being put up for tender occupy a site of about 21,754 square metres. The new development targets to deliver some 1,700 residential units of a total gross floor area of about 138,980 square metres, a total non-domestic gross floor areas of about 33,220 square metres for retail shops, a two-level public transport interchange for franchised buses and public light buses, a hawker bazaar and a refuse collection point. A public open space of about 6,400 square metres will also be provided.
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