Property News · May 30, 2018

Builders welcome transparency in Hong Kong redevelopment project


The Urban Renewal Authority’s move to disclose the winning tender’s value, the list of bidders and an anonymous list of submitted bids for the first time as part of a redevelopment project, has received a strong response, as more than half of the invited developers have submitted bids.
The Tung Chau Street/Kweilin Street Demand-Led Redevelopment Project in Sham Shui Po received bids from 20 of the 38 invited developers, according to the authority.
The authority declined further…

Source : South China Morning Post
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