A prime property development opportunity has emerged in Kowloon City, as Colliers and CBRE have launched a public tender for two adjacent plots located at 93 and 95 Hau Wong Road. The tender is set to close on March 18th, presenting an attractive proposition for developers seeking to capitalize on this centrally located site. Covering an area of approximately 3,042 square feet, the land is designated for residential redevelopment with considerable potential. Industry experts have valued the project around $195 million, highlighting its strategic significance within the bustling Kowloon City district.

The location boasts several advantages that make it particularly appealing for prospective buyers. Situated in close proximity to educational institutions, transportation hubs like Sung Wong Toi MTR Station, and vibrant lifestyle destinations such as Kowloon City Plaza and the Kai Tak Development Area, this site offers unparalleled accessibility. Furthermore, ongoing urban renewal initiatives nearby, including the Nga Tsin Wai Road / Carpenter Road Development Scheme [KC-017], promise to enhance the surrounding environment with new amenities and infrastructure. These developments include plans for a government complex and an indoor public market, which will likely boost the attractiveness of the area even further.

The site has already undergone preliminary preparations, making it ready for immediate construction. With a maximum plot ratio of 9, developers can explore various design possibilities for a boutique mixed-use residential project. The total gross floor area could reach up to 27,378 square feet, offering ample space for creative architectural concepts. This presents an excellent opportunity for creating a distinctive living space that caters to both local residents and potential investors.

The closing date for the tender is scheduled for noon on Tuesday, March 18th. Interested parties have until then to submit their bids for this promising development site. As one of the last remaining undeveloped parcels in the area, this property represents a rare chance to participate in shaping the future of Kowloon City's evolving landscape. Developers who seize this opportunity will not only contribute to the neighborhood's growth but also position themselves strategically within Hong Kong's dynamic real estate market.