FIVE bidders comprising the territory's major developers yesterday presented tenders for the first package of the property development above Mass Transit Railway Corp's (MTRC) planned airport railway station in Kowloon.
The tenderers include a revised team led by Sino Land, and a consortium formed by Sun Hung Kai Properties, Hang Lung Development, New World Development, Swire Properties and Henderson Land Development.
A Sino Land spokesman said yesterday the copmany had invited two new partners, Great Eagle Holdings and Paliburg Development, into its consortium while Singapore based DBS Land had withdrawn.
Other Sino Land partners include Manhattan Garments (International) and Nan Fung Development.
Sino Land and Great Eagle together hold a 50 per cent stake in the partnership, with the balance going to the others.
The first development package, worth about $8 billion, will provide residential space of about 1.59 million square feet, or not more than 1,776 apartments.
