Hong Kong’s subway operator MTR Corp may release one of the largest parcels of land for residential development – atop Wong Chuk Hang station – on the south side of Hong Kong Island for tender in 2018 despite a volatile stock market.
MTR’s property director David Tang Chi-fai said the rail operator was currently solving the technical issues on the site to get it ready for the tender, which is planned as the third phase of a residential and commercial development. Phases one and two of the development are situated next to the station.
“Residential towers and a 450,000 square feet shopping mall are planned for construction above the Wong Chuk Hang station, the work will be complicated. Logically, the third phase will be put up for tendering this year,” Tang said.