MTR Corporation (0066) has received 31 expressions of interest for Phase 1 of its Tuen Mun Area 16 project, with Wheelock Properties being one of the submitting parties.
The tender for MTR's first residential project this fiscal year will conclude on Monday. Besides Wheelock Properties, an unidentified financial consortium also submitted an expression of interest through either physical or digital channels, local media reported.
Sun Hung Kai Properties (0016), Chinachem, Emperor International (0163), Hendserson Land Development (0012), Sino Land (0083), and K&K Property were also reported to have made an application.
The project, adjacent to the planned Area 16 Station of the Tuen Mun South Extension line, targeted for 2030 completion, will feature comprehensive commercial and community facilities alongside a public transport interchange.
Phase 1 of the development, situated in the northeastern section, will provide approximately 601,000 square feet of residential space, offering over 1,000 housing units, with covered walkways connecting to the future station and shopping mall.
