On November 3, 2021, the Development Bureau announced that the tender for Site 3 of the New Central Harbourfront (i.e. Inland Lot 9088) has been awarded to Pacific Gate Development Limited (parent company: Henderson Land Development Company Limited) on a 50-year land grant, following a two-envelope open tender. The land premium is HK$50.8 billion (US$6.55 billion). The overall scoring of the two envelopes of Henderson Land’s bid is 100 out of 100 marks, according to the Development Bureau.
Apart from the land premium, to fulfill the requirements of the Development Bureau as well as government-appointed Technical Advisors the bidder has to fulfil various design and content criteria (or theme). RECAS was proud to be again appointed by Henderson Land to consolidate on 3 pillars that make the development a major attraction and to bring further growth to Hong Kong; the Arts, Heritage, and Fintech.
Mr. Martin Lee Ka-shing, Chairman of Henderson Land, “We are excited to take part in this world-class development, which will form one of the most important and strategic additions to Hong Kong’s CBD. Henderson Land will invest HK$63 billion to develop Site 3, creating not only one of Hong Kong’s most iconic landmarks but also a social destination dedicated to public enjoyment along the harbourfront promenade.”
RECAS will continue to strive on providing strategic themed real estate giving it an evolving and attractive life cycle!
SITE 3 New Central Harbourfront