The package one development, with a maximum residential gross floor area of more than 600,000 sq ft, is located near the Tuen Mun River and an MTR station that is currently under construction as part of the Tuen Ma Line extension.
Six tenders for the site were received by the 2pm deadline on Wednesday, according to MTR Corp. It received 31 expressions of interest for the project from September 22 to 29.
SHKP was a well-established and reputable property developer, which also took part in the company’s various property developments, the MTR said after the tender results were announced.
The site was estimated to be worth between HK$1.8 billion and HK$2.3 billion, excluding any profit-sharing arrangements with the MTR, according to real estate consultancy CBRE. It said the site was expected to deliver about 1,000 units and 251 private car parking spaces.
