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Sun Hung Kai, China Overseas, 31 others show interest in MTR's Hong Kong project

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Sun Hung Kai, China Overseas, 31 others show interest in MTR's Hong Kong project

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.