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MTR invites bidders for Hong Kong property development

MTR Corp. Ltd. is inviting bidders for phase 12 of the Lohas Park residential estate in the Tseung Kwan O area of the New Territories, Hong Kong.

The site at Lot No. 70 Tseung Kwan O Town covers an area of over 320,000 square meters, with a maximum residential gross floor area of 89,290 square meters, according to a news release.

Submissions will be accepted until Dec. 23, it added.

In April, MTR awarded the tender for phase 11 of the same development to a consortium comprising Sino Land Co. Ltd., China Merchants Land Ltd. and K. Wah International Holdings Ltd. after the trio offered up to HK$8.6 billion for the site that can accommodate a three-building complex with a gross floor area of 950,000 square feet.