Rare large-scale MTR topside tender draws heavyweight Hong Kong developers
Tender submissions for the MTR Corporation’s Tuen Mun Area 16 Station phase two property development closed on Wednesday, with market sources saying top Hong Kong developers including CK Asset, Sun Hung Kai Properties and Henderson Land Development submitted bids. A consortium comprising Sino Land, Kerry Properties, China Overseas Land & Investment and Great Eagle also submitted a bid, the…
Hong Kong's top developers, including CK Asset, Sun Hung Kai Properties, and Henderson Land Development, have submitted bids for the MTR Corporation's MTR Tuen Mun Area 16 Station phase two property development tender. The project, a large-scale development situated atop a railway station with comprehensive amenities, is expected to yield around 5,510 homes and a large shopping mall.
MTR Corp stated that the project is valued at close to HK$12 billion, with a residential portion of nearly 3 million square feet. This is the first such large-scale single tender project in a long time for MTR Corp.
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