MTR Corp says it has received 14 expressions of interest from developers to build a large-scale luxury residential project above Austin Station in West Kowloon. It is the first MTR project to be offered for tender since the start of the global financial crisis in September 2008.

      The site at Austin station will benefit from the two new railway lines and the development of the West Kowloon Cultural District. The Kowloon Station area has become a new luxury residential area, which is attractive to developers.

      Even though the project attracts more than a dozen developers, it is believed only five or six developers could afford the cost of the project. It is expected that developers would team up to join the bidding for this project.