If the successful tenderer for both Land Parcels A and B is the same entity, would URA allow the same successful tenderer for both Land Parcels A and B to use any additional office GFA provided in Land Parcel A (in excess of the minimum 70% quantum for office use) to meet the required minimum office quantum in Land Parcel B ? For example, if the same successful tenderer provides 30,000 sqm GFA in excess of the required minimum office quantum of 93,184 sqm (based on 70% of maximum permissible GFA of 133,120 sqm), can he therefore provide 30,000 sqm GFA less for office use in Land Parcel B i.e instead of providing at least 68,148 sqm office GFA as required in the tender conditions (based on 60% of the maximum permissible GFA of 113,580 sqm), can he provide only 38,148 sqm office GFA for Land Parcel B since 30,000 sqm additional office GFA has been provided in Land Parcel A ?

The successful tenderer(s) of Land Parcels A and B must develop the two land parcels in accordance with the conditions and requirements specified in the respective tender conditions including the requirements as to minimum quantum control for specific uses (“the minimum quantum control requirements”). However, if there is any proposal from the successful tenderer(s) to deviate from the minimum quantum control requirements (eg. treatment of minimum office quantum control of the two land parcels as described in the question), URA will consider such a proposal. Any approval for such a proposal will be subject to such terms and conditions as URA, the relevant Competent Authorities and the Lessor may impose, including payment of such amount as the Lessor may determine for any enhancement in land value of the land parcel(s) arising from the proposal.

Will the answer to Question 1 above remain the same:

(a) if the successful tenderers for Land Parcels A and B are two different legal entities but are both subsidiaries of a common parent company?

(b) if the successful tenderers for Land Parcels A and B are two different legal entities with no common ownership at parent company level?

Yes.  The answer will remain the same regardless of whether or not the successful tenderers for both land parcels are two different legal entities and, if they are two different legal entities, regardless of whether or not the two different legal entities have any common ownership at parent company level.