MTR says it may put 5,700 flats up for sale this year, launch tenders for another 5,100 units in next 12 months
- MTR is expected to account for a quarter of the land for private housing units sold during the 2022-23 financial year, Development Bureau says
- The launches will be subject to progress in construction and permits, as well as factors such as the war in Ukraine and the stock market
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.
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.