Market Chatter: CK Asset, Sun Hung Kai Among Bidders For MTR Residential Development Project

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CK Asset (HKG:1113) and Sun Hung Kai Properties (HKG:0016) were among the bidders for a MTR Corporation (HKG:0066) residential development project, The Standard reported Wednesday.

The Tuen Mun Area 16 Phase 1 received six bids, including from K. Wah International (HKG:0173), China Overseas Land & Investment (HKG:0688), and a consortium made up of Sino Land (HKG:0083) also joined with Kerry Properties (HKG:0683) and Great Eagle Holdings (HKG:0041).

Wheelock Properties also made a bid for the project which has a total gross floor area of about 600,000 square feet and an estimated market valuation of HK$1.2 billion and HK$2.4 billion.

The site is located in the northeastern section of the overall development area where Tuen Mun Swimming Pool currently stands and is expected to offer up to 1,280 units across two residential towers.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Wah</a> International (HKG:0173), <a href=\"https://laohu8.com/S/CAOVF\">China Overseas Land &amp;</a>amp; Investment (HKG:0688), and a consortium made up of <a href=\"https://laohu8.com/S/SNLAF\">Sino Land</a> (HKG:0083) also joined with <a href=\"https://laohu8.com/S/KRYPF\">Kerry Properties</a> (HKG:0683) and <a href=\"https://laohu8.com/S/GEAHF\">Great Eagle</a> Holdings (HKG:0041).</p><p>Wheelock Properties also made a bid for the project which has a total gross floor area of about 600,000 square feet and an estimated market valuation of HK$1.2 billion and HK$2.4 billion.</p><p>The site is located in the northeastern section of the overall development area where Tuen Mun Swimming Pool currently stands and is expected to offer up to 1,280 units across two residential towers.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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Wah</a> International (HKG:0173), <a href=\"https://laohu8.com/S/CAOVF\">China Overseas Land &amp;</a>amp; Investment (HKG:0688), and a consortium made up of <a href=\"https://laohu8.com/S/SNLAF\">Sino Land</a> (HKG:0083) also joined with <a href=\"https://laohu8.com/S/KRYPF\">Kerry Properties</a> (HKG:0683) and <a href=\"https://laohu8.com/S/GEAHF\">Great Eagle</a> Holdings (HKG:0041).</p><p>Wheelock Properties also made a bid for the project which has a total gross floor area of about 600,000 square feet and an estimated market valuation of HK$1.2 billion and HK$2.4 billion.</p><p>The site is located in the northeastern section of the overall development area where Tuen Mun Swimming Pool currently stands and is expected to offer up to 1,280 units across two residential towers.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01113","symbol_name":"长实集团","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2581103389","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581103389","pubTimestamp":1762397055,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Wah International (HKG:0173), China Overseas Land &amp; Investment (HKG:0688), and a consortium made up of Sino Land (HKG:0083) also joined with Kerry Properties (HKG:0683) and Great Eagle Holdings (HKG:0041).Wheelock Properties also made a bid for the project which has a total gross floor area of about 600,000 square feet and an estimated market valuation of HK$1.2 billion and HK$2.4 billion.The site is located in the northeastern section of the overall development area where Tuen Mun Swimming Pool currently stands and is expected to offer up to 1,280 units across two residential towers.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}