Chun Wo Successfully Bids for the Tender in Tseng Choi Street Tuen Mun.
Chun Wo Property Development, a subsidiary of the Group, has successfully completed a bid for a residential & commercial composite development worth HK $232.8 million in the form of joint venture.
The project is located at Tseng Choi Street, Area 4, Tuen Mun. The site area is approximately 23,700 sq ft. It is planned for a residential & commercial composite development with a total gross floor area of about137,000 sq ft, including an elderly home & day care center of about 17,000 s.f.as required by the Land Grant.
The Group owns more than half of the share in the joint-venture for this project. Due to the coming infrastructural improvements in Tuen Mun, such as Tuen Mun – Chep Lap Kok Link and Tuen Mun Western Bypass, Tuen Mun will be directly linked with the Airport, HK-Zhuhai-Macao Bridge and Kong Sham Western Highway. The Group is said to confident about the property market in Tuen Mun as well as this development.