MTR Corp. Ltd.'s public tender for the 12th phase of the Lohas Park residential estate development in the Tseung Kwan O area of the New Territories, Hong Kong, received 33 letters of intent, The (Hong Kong) Standard reported Dec. 24.

Potential bidders for the over 320,000-square-meter Lot No. 70 Tseung Kwan O Town site with a maximum gross floor area of 89,290 square meters include Sun Hung Kai Properties Ltd., China Overseas Land & Investment Ltd., New World Development Co. Ltd. and Wheelock & Co. Ltd., according to the publication.

Surveyors expect that the property, which can accommodate up to 2,000 flats, will fetch less than the winning bid for the same project's phase 11, which a consortium comprising Sino Land Co. Ltd., China Merchants Land Ltd. and K. Wah International Holdings Ltd. secured in April for a consideration between HK$5.2 billion and HK$8.6 billion.