CK Asset Holdings, the flagship company of Hong Kong tycoon Li Ka-shing, and Sun Hung Kai Properties (SHKP), the city’s largest developer, are two of six bidders for a parcel of land in the New Territories that is estimated to provide 1,280 residential units and car park spaces.
MTR Corp, one of the city’s major property developers and landlords, put up the Tuen Mun A16 Station package one property development for tender. Package one, with a maximum residential gross floor area of more than 600,000 sq ft, is situated near the Tuen Mun River and a station currently under construction as part of the Tuen Ma Line extension.
Six tenders were received by the MTR by the 2pm deadline on Wednesday, according to a spokeswoman. It had received 31 expressions of interest for the project from September 22 to 29, she added.
Both CK Asset and SHKP confirmed their participation. SHKP submitted an independent bid, according to a spokesman.
“As long as the price is right, the group will definitely continue to purchase land in Hong Kong for future development projects,” CK Asset said.
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