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Bids for $9B Hong Kong Waterfront Project "Site 3" Due Today

Bids for $9B Hong Kong Waterfront Project "Site 3" Due Today
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Hong Kong Kicks Off Tender for Central Waterfront Site 3

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New Central Harbourfront Site 3 could reshape Hong Kong’s waterfront (Image: Benoy)
The government of Hong Kong has officially begun marketing a slice of Central district’s waterfront to developers, but a depressed property market has dampened expectations for the trophy land sale.
The city’s Lands Department announced on Friday that it had commenced the open tender of Site 3 of the New Central Harbourfront, a commercial plot that had earlier been projected to fetch HK$40 billion ($5.16 billion), with the sale process set to conclude on 18 June 2021.
“Our vision is for Site 3 to become a new landmark for Hong Kong, setting a benchmark for people-centric design with emphases on sustainable and urban design considerations as well as integration with the surroundings,” a spokesperson for Hong Kong’s Development Bureau said in a statement. ....

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Hong Kong: Central harbourfront site to be sold

Hong Kong: Central harbourfront site to be sold
Site 3 of the New Central Harbourfront will be sold by open tender under a two-envelope approach, the Government announced today.
The site, Inland Lot No 9088, has a site area of about 47,967 sq m and is designated for non-industrial purposes, excluding residential, godown and petrol filling station uses.
The maximum gross floor area is 150,000 sq m, excluding public facilities and the government accommodation to be constructed or reprovisioned by the purchaser.
The purchaser will be required to provide within the lot public open space of not less than 25,000 sq m in total, a continuous landscaped deck spanning above Lung Wo Road and Yiu Sing Street, and a multi-level pedestrian connection linking up the hinterland of the core business district in Central with the harbourfront. ....

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