MTR Corporation , Hong Kong’s sole transit operator and owner of significant commercial real estate, could potentially put more than 5,700 flats in four projects up for sale this year, it said on Tuesday. It will offer another four projects involving 5,100 flats for tender to developers in areas including Siu Ho Wan, which it now calls Oyster Bay, and Tung Chung, in the coming 12 months. “Last year, in terms of home sales, actually before all these big situations happened, MTR’s result with home sales was quite good. I thought the reception for several major projects that we sold was quite satisfactory,” said David Tang, property and international business director of MTR. The projection of more than 5,700 homes was higher than a projection of about 4,300 tang made in March last year. Tuesday’s announcement is significant because, according to the Development Bureau, MTR is expected to account for a quarter of the land for the potentially 17,940 private housing units sold during the 2022-23 financial year. MTR rejects all five bids for Tung Chung plot as developers balk at investment cost The property launches will be subject to progress in construction and permits. Macroeconomic factors in play such as the war in Ukraine and the stock market will also be considered when arranging tenders, Tang said. The four projects that may be sold this year include Lohas Park phase 11, phase four of The Southside at Wong Chuk Hang station, phase two at Ho Man Tin station and, possibly, one at Kam Sheung Road Station. The four projects up for tender include an MTR development at Tung Chung Traction Substation, Tung Chung East Station Package 1, Siu Ho Wan Depot Topside Development Phase 1 Package 1 and a 550-flat project in Tseung Kwan O’s Pak Shing Kok. MTR will invite developers for the project on Wednesday. The tender for the Siu Ho Wan project, which will have the new Oyster Bay station, will have four phases with subsidiary phases just like the Lohas Park development did. The first tender will involve 1,500 flats. The entire project has more than 20,000 flats, half of which will be subsidised units. The project will include an about 300,000 sq ft shopping centre, larger than the Heng Fa Chuen mall but similar in size to the Popcorn shopping centre in Tseung Kwan O. MTR Corp to consider subsidised homes at proposed stations if government asks The Tung Chung East project will launch a phase one tender with 1,500 flats in 12 months. Reclamation of the site is almost finished. Meanwhile, a part of The Wai, the shopping centre at Tai Wai station, may open in the first half of next year, with the rest opening in the second half. About 15 per cent of the shops in The Wai had already been preleased. The shopping centre has secured leases with anchor tenants such as a supermarket, a large Chinese restaurant and a cinema, among others. The Southside shopping centre at Wong Chuk Hang station was also close to securing leases with anchor tenants. Separately, the Development Bureau said on Monday that it had granted an extension of six months to government works contracts and the building covenant period under land leases of private development projects because of the Covid-19 pandemic.