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Centaline: MTR's Tuen Mun Area 16 Station Phase 2 Tender Response Meets Forecast, Valued at ~HKD13.6B
2026-09-02 17:14:17
The tender for MTR CORPORATION (00066.HK)'s Tuen Mun Area 16 Station Package Two Property Development closed today. The group announced that the project received four bids.

James Cheung, Executive Director of Centaline Surveyors, said the firm had forecast the project to receive 4-5 bids, and the final tally of 4 bids was in line. Given the project's large development scale and substantial investment amount involved, only major developers or consortiums have the capability to participate in the tender. The estimated accommodation value is about HKD4,500 per square foot, with the project valued at approximately HKD13.6 billion.
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