View of MTR’s Tung Chung traction substation close to Hei Tung Street and Caribbean Coast in Tung Chung on 27 October 2021. Photo: Winson Wong
View of MTR’s Tung Chung traction substation close to Hei Tung Street and Caribbean Coast in Tung Chung on 27 October 2021. Photo: Winson Wong

MTR’s Tung Chung sale draws a tepid response as developers recoil at huge sum needed to build in inconvenient location

  • The parcel atop MTR’s Tung Chung traction substation has a gross floor area of 929,364 square feet (10,000 square metres), which can house between 1,400 and 1,800 flats that need HK$11.3 billion (US$1.45 billion) to develop
  • Five companies submitted bids, out of the 35 that expressed interest to bid last month

View of MTR’s Tung Chung traction substation close to Hei Tung Street and Caribbean Coast in Tung Chung on 27 October 2021. Photo: Winson Wong
View of MTR’s Tung Chung traction substation close to Hei Tung Street and Caribbean Coast in Tung Chung on 27 October 2021. Photo: Winson Wong
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