Hong Kong Parkview says it has joined a consortium led by Lai Sun Development to bid for developments at the Tung Chung station, one of several companies which yesterday showed their hands in the battle for major property developments linked to the Chek Lap Kok airport project. The chairman of Parkview, George Wong Kin-wah, said the consortium members included China Travel Service (Holdings) and K Wah International. Mr Wong said Parkview's move fitted its strategy of expanding its property portfolio and added it was intending to look at other opportunities and buy more land to strengthen future earnings. HKR International, which owns and operates Discovery Bay, also expressed an interest yesterday in bidding for the $3 billion hotel development at the airport railway's Tai Kok Tsui station. HKR already has teamed with Hongkong China to bid for a residential project at the Tung Chung station development. Managing director Payson Cha Mou-sing said the company would take less than 50 per cent of the consortium, and did not need to raise funds as it had more than $3 billion cash on its balance sheet. The developments have generated huge interest from both Hong Kong and international property companies with more than 30 firms forming 12 consortiums to bid for the $7 billion Tung Chung project and a wide range of developers jostling for $3 billion Tai Kok Tsui development. Speaking at HKR International's annual general meeting yesterday, Mr Cha said the company was considering a feasibility study on redevelopment of the CDW Building to extend its Discovery Park residential project in Tsuen Wan. The CDW Building, adjacent to Discovery Park, is an industrial building with a gross floor area of 997,000 sq ft. At Hongkong Parkview's annual shareholders meeting, Mr Wong said an improvement in performance was expected this year, with development income boosted by several projects due to be sold soon. The first project to be offered will be the Shanghai residential project Shanghai Garden City with the first phase of 662 residential flats in three 30-storey towers, due for completion in December.