Domestic and international property firms are gearing up to tender for the $7 billion package-two property development at the Mass Transit Railway Corporation's (MTRC) planned airport railway station on Tsing Yi Island. In view of the high demand for housing, more than 10 developers are believed to be looking at the Tung Chung site. The deadline for the submission of bids is Friday. Cheung Kong (Holdings) and associate Hutchison Whampoa have said that they are interested in bidding. Henderson Land Development chairman Lee Shau-kee said previously his property flagship would join the fray but the consortium would have fewer members than the group which won the package-one development. That five-member consortium - formed by Henderson Land, Sun Hung Kai Properties, Swire Properties, New World Development and Hang Lung Development - secured the 3.72 million-square-foot package-one contract in March last year. Hang Lung said it had formed a consortium for the package-two bidding but did not reveal the group's other members. Swire Properties also said that it would enter a bid for the project. The package-two development comprises a gross floor area of 2.04 million sq ft, for 2,678 flats, 26,910 sq ft of retail space and 598 parking spaces. Foreign interest has increased competition for the tender. Singapore-based Hong Leong Group said it would team up with Singaporean investors and domestic developers to make a bid. One of the group's likely partners is the Government of Singapore Investment Corp. The two companies were part of a consortium that submitted an unsuccessful bid for the railway's $40 billion Central station project. Industry sources said the Hong Leong consortium could also include HKR International and Great Eagle Holdings. Other likely bidders are Nissho Iwai and Chinese Estates Holdings.