The Mass Transit Railway Corp (MTRC) has begun an $80 billion property scheme along its Tseung Kwan O extension by inviting expressions of interest in the coming tender of a 127,844 square foot site.
The MTRC yesterday published an advertisement aimed at any parties interested in the package one development at Tseung Kwan O (Town Centre) Station.
The deadline is 2pm on December 1.
The site, providing a floor area of 1.04 million sq ft, is part of a six-station, 13-kilometre extension of the MTR network.
It will comprise four residential towers of 912,078 sq ft above a 127,844 sq ft commercial podium.
Analysts said the tender would be the latest barometer of developers' confidence in the housing sector.
The site is next to a project owned by Nan Fung Development and is expected to attract the developer's interest.