The Development Bureau (DEVB) of Hong Kong has launched a market sounding exercise (MSE) to obtain market feedback on the viability of developing an urban park at the Hung Hom harbourfront through a public-private partnership (PPP).

Located next to the Hung Hom Ferry Pier, featuring harbour views and surrounded by residential, office, hotel and retail developments, the designated site for the development is a prime harbourfront location planned for a wide range of active and/or passive leisure and recreational uses, spanning a total area of 2.2 hectares.

The MSE is intended to collect innovative ideas on possible uses of the site including how income received through certain activities would strike a balance between public enjoyment and financial viability; to ascertain the level of market interest towards developing the site under the partnership approach; and to obtain suggestions on key features of the partnership approach in terms of contract duration, the financing and revenue sharing arrangement and more.

The MSE is not a pre-qualification exercise for the subsequent competitive bidding for the project. The ideas and suggestions received through the MSE may be used by the Government, in the original form or in a modified form as may be considered appropriate by the Government, in formulating the way forward for the subsequent tender exercise.