16 September 2014 - After a failed tender two years ago, MTR Corporation (0066) re-launched its mega project atop Tai Wai station for tender again this month and received 23 bidding documents from developers prior to yesterday's closing. This marks the highest number of bids ever recorded for an MTR Corporation tender project.

 

The 23 developers who expressed interest in the project include Cheung Kong Holdings (0001), Sun Hung Kai Properties (0016), Henderson Land (0012), Link REIT (0823) and Vanke Property (Hong Kong). The land premium is expected to be between HKD8.11 billion to HKD10.81 billion. The site covers an area of 521,107 sq. ft. and could yield a gross floor area of 2.7 million sq. ft. It could provide 2,900 flats and a shopping centre.

 

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