The MTR Corporation in Hong Kong announces that two of its wholly-owned subsidiaries, MTR Corporation (Shenzhen) Limited and MTR Property (Shenzhen) Company Limited, have joint to win a plot in Longhua, Shenzhen. The site above the depot of Shenzhen Metro Longhua Line will be developed into a residential and commercial property.
     The land premium is approximately RMB2 billion. The total developable gross floor area is 206,167 sq m. The project company will be responsible for all development and construction costs. MTR Corporation may invite developers to participate in the property development, or alternatively, may undertake the project itself through its subsidiaries and the project company. Part of the net profits (if any) generated from this property development will be shared with the Shenzhen Municipality to support metro development in Shenzhen