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May 11, 2010

12 developers express interest in Nam Cheong project
Hong Kong's railway operator Mass Transit Railway Corporation (MTRC) has invited expression of interest for its Nam Cheong Station project and has attracted 12 developers. The project will provide 3,300 flats with a total residential floor area of 2.96 million sq ft plus a 287,732-sq-ft shopping centre.
      All major developers, such as Cheung Kong, Sun Hung Kai Properties, Sino Land, Kerry Properties, Henderson Land and Nam Fung Development, are among the 12 to express interest. MTRC is currently negotiating the land premium with the government and will put the project up for tender in the near future.