MTR receives six bids for Yuen Long station

MTR receives six bids for Yuen Long station

The MTR Corporation Limited (0066) has received six bids for the site atop Yuen Long station, which is currently under judicial review.

Having previously received 23 expressions of interest, the site attracted mainly large-scale developers including Cheung Kong Property (1113), Sun Hung Kai Properties (0016), Henderson Land Development (0012) and Wheelock (0020). New World Development (0017) partnered with Far East Consortium International (0035) to bid for the site.

Mainland developer Vanke Property (Hong Kong) also submitted a tender together with Sino Land (0083) and K Wah International (0173).

Valuation of the 420,872 sq ft site ranges from HK$5.2 billion to HK$7.4 billion, or HK$3,500- HK$5,000 psf in gross floor area.

The plot yields 1.49 million sq ft of residential gfa. Meanwhile, Homantin Hillside by Wing Tai Properties (0369) and Nan Fung Group will put two more three-bedroom units on sale this Sunday.


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