The first phase of the Tuen Mun District 16 station project under MTR Corporation (00066.HK) will close for tender submission this afternoon (5th). As of noon, two bids have been received on-site, including one submitted by Cheung Kong Holdings (01113.HK).
Chan Man-wai, Chief Manager of Property Investment and Valuation at Cheung Kong Holdings, stated that as long as the price is appropriate, the group will continue to purchase land in Hong Kong for future development projects.
The property development project at Tuen Mun District 16 station is adjacent to the Tuen Mun River and the under-construction Tuen Mun South Extension Line's District 16 station. The project will be developed in phases, with this tender for the first phase located in the northeastern section. Previously, 31 expressions of interest were received. The market valuation of the project ranges from approximately HKD 1.2 billion to HKD 2.4 billion, with a maximum floor price of HKD 4,000 per square foot.
