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<HK Home>URA Receives 27 EOIs for Bailey Street Project
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The Urban Renewal Authority (URA) announced that it has received a total of 27 Expressions of Interest (EOIs) for the development of the Bailey Street / Chi Kiang Street Project in Kowloon. CHINACHEM GROUP, CITIC (00267.HK)'s subsidiary CITIC Pacific Properties, CHINA OVERSEAS (00688.HK) and GREAT EAGLE H (00041.HK) submitted EOIs. The site covers an area of approximately 81,806 square feet, with a total gross floor area of about 737,200 square feet, and is expected to provide around 1,200 residential units. According to market estimates, the land valuation ranges from approximately HKD4.42 billion to HKD5.53 billion, equivalent to a floor price of about HKD6,000-7,500 per square foot. AASTOCKS Financial News |
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