MEDIUM-SIZED companies have begun teaming up to tender for development contracts in a massive project above the Mass Transit Railway Corporation's (MTRC) planned airport railway station in Kowloon, following a change in the bidding rules. The massive development has been split into seven separate phases of a more manageable size, making it more attractive to smaller developers. Manhattan Garments (International) is forming a consortium to bid for phase one while other medium-sized companies, like Hon Kwok Land Investment, are considering the investment opportunities. Hon Kwok Land managing director Herman Fung said: 'The revised proposal provides more opportunities for medium-sized companies which cannot afford to bid for those mammoth sites at the future stations along the new airport railway.' The commercial, residential and hotel complex will cover a total gross floor area of about 11.7 million square feet. Manhattan Garments chairman James Tien said medium-sized developers could afford to take a larger stake in the development as each phase was relatively small. The company recently took a 10 per cent minority stake in a consortium led by Great Eagle (Holdings) and Sino Land to bid for the project above the new airport railway station in Central. Tenders have to be in by early next year. 'The company is interested in several packages at the Kowloon station development, which are either designated for residential development or office uses,' said Mr Tien. He said the company would not bid for hotel and retail development as the profit return period was relatively long. 'In addition, we have no investment experience in these two sectors,' said Mr Tien. Under the MTRC's revised plan, Package One, Two and Four are designed for residential development. Package Six will include two office blocks while hotel/residential developments will be built in Phase Three and Phase Five. The last phase is designated for hotel and commercial use. Last month, the MTRC invited developers to indicate whether they planned to tender for the first development package, which comprises six 36-storey residential blocks with up to 1,776 apartments. Mr Tien said Manhattan was also interested in the Tsing Yi railway station project. Manhattan has been involved in property development since the 1970s and Mr Tien said property now accounted for more than 80 per cent of the group's earnings. Major property investments include the 700,000 sq ft luxury residential project at 33 Tai Tam Road and a 10 per cent share in the Citibank Plaza in Central.