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Hong Kong’s MTR Corp invites developers to tender for Yuen Long site
The MTR Corp has invited developers to tender for a residential site at Yuen Long Station, along the West Rail line.
The tender will close on August 5, and MTR Corp said on Thursday it had received 23 expressions of interest from developers such as Cheung Kong Property, Sun Hung Kai Properties and Lai Sun Development.
The 421,000 sq ft site will provide at least 1,876 residential units and is scheduled for completion in 2022.
The winning developer will be required to pay MTR Corp a one-off payment and give the corporation 5 per cent of profits from property sales.
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