Advertisement
Hong Kong property
Business

Henderson, Sino join JD.com in bid for Hong Kong’s first Northern Metropolis pilot project

The final number of bids is set to be announced on Friday as city tests new land-sale model with housing, tech parks, public infrastructure

1-MIN READ1-MIN
Listen
An aerial view of Hung Shui Kiu new development area of Hong Kong’s Northern Metropolis on March 26. Photo: Elson Li
Peggy Ye
Henderson Land Development said it submitted a bid for Hong Kong’s first Northern Metropolis pilot project, while Sino Land said it had teamed up with five partners for the tender, as the city’s government was set to receive tenders for the development project by noon today.

So far, the two Hong Kong developers have confirmed their tender submission. The final number of bids will be announced later on Friday, according to the Development Bureau.

In a joint statement, the six-company consortium said it comprises China Merchants Land, China Resources Land (Overseas), China Overseas Land & Investment, Sino Land, CTG Investment and Chinese e-commerce company JD.com. The group said it was optimistic about the Northern Metropolis’ long-term development.

Other major developers did not immediately reply to a request for comment, while Sun Hung Kai Properties said it had no comment on the tender submission.

The Hung Shui Kiu tender is the first site under the government’s new large-scale land disposal model for the Northern Metropolis, Hong Kong’s multibillion-dollar development project aimed at expanding housing supply and developing technology and innovation industries.

The 10.5-hectare (26-acre) site comprises three residential plots and three enterprise and technology park sites, with a capacity for about 3,120 homes and 280,000 square metres of industrial floor space.

Advertisement
Select Voice
Select Speed
1.00x