MTR hopes for third time lucky in Tin Shui Wai tender
MTR Corp is making a third attempt to sell a 1,500-unit site in Tin Shui Wai to raise land supply as it seeks to reach the targeted 10,000 flats for the financial year to March.
MTR Corp is making a third attempt to sell a 1,500-unit site in Tin Shui Wai to raise land supply as it seeks to reach the targeted 10,000 flats for the financial year to March.
"This is the largest supply of land for the rail operator in the past three years. It shows MTR is under immense pressure from the government to help ease the housing shortage," said Alvin Lam Tsz-pun, a director at Midland Surveyors.
Developers have been invited to submit expressions of interest in the project near Tin Wing Light Rail Terminus from today. Submissions will be accepted until January 8.
The project will house 1,500 flats on a 197,228 sqft site. It will provide a gross floor area of up to 980,072 sqft of residential space and 2,200 sqft of commercial area.
The invitation comes a week after MTR launched the tender for the 2,400-unit Lohas Park phase six development in Tseung Kwan O.
Lam said the rail operator would have sold land sufficient to build 10,000 flats if it successfully tendered its projects at Lohas Park phase six and Tin Wing.