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MTR preparing Hong Kong site sale for development

Hong Kong's rail operator, MTR Corp. Ltd., could sell the land site above the Wong Chuk Hang station to make way for residential blocks and a 450,000-square-foot mall, the South China Morning Post reported.

The development would be the third phase of a residential and commercial development, the first two phases of which are next to the station.

Citing MTR's property director, David Tang Chi-fai, the report said the operator is readying the site for a tender in 2018, with the details to be finalized when MTR announces its results for full-year 2017 in March.