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New | Thirty- nine expressions of interest by developers in MTR Corp land parcel next to Wong Chuk Hang station
Site could potentially accommodate 800 flats totalling 576,950 sq ft, and is valued at HK$8-$9.8 billion, or HK$14,000 to HK$17,000 per square foot
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MTR Corp says there have been 39 expressions of interest by developers bidding for a plot of MTR Corp land next to Wong Chuk Hang station.
The site, which could potentially accommodate 800 flats totalling 576,950 square feet, is valued at HK$8 billion to HK$9.8 billion, or HK$14,000 to HK$17,000 per square foot.
The phase one of the development comprises of two towers and has a target completion is 2022.
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The project drew interest from developers such as Wheelock, China Overseas Investment and Land, Vanke Property (Overseas), Hong Kong International Construction Investment Managemetn group, whose business stans piling to property development and was formerly known as Tysan Holdings, New World Development, and Chinachem before the deadline closed at 2pm on Monday.
It was no surprise to Thomas Lam, senior director at Knight Frank , the development attracted strong interest.
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