MTR Corp breaks ground on HK$2.4 billion shopping mall in Tsing Yi
HK$2.4b Tsing Yi Maritime Square Extension project due for completion by the end of 2017
MTR Corporation kicked off a HK$2.4 billion project to build a four-storey shopping centre near Tsing Yi Airport Express station, its first self-developed retail mall in Hong Kong.
A ground-breaking ceremony was held on Friday to start the main construction work for the Maritime Square Extension project. To be completed by the end of 2017, the project involves converting a portion of the adjacent Tsing Yi Lorry Park into the mall.
"The Maritime Square Extension includes a number of initiatives to respond to the needs of the local community and provide them with better connectivity and convenience, including the provision of a new covered staircase and a new footbridge connecting the neighbourhood with future developments," said David Tang, property director of MTR Corporation.
The 130,244 square feet shopping mall will feature an array of shops, restaurants and entertainment outlets as well as an approximately 5,000 square metre scenic roof garden aimed at creating unique shopping, dining and entertainment experiences for the local community and visitors.
A spokesman said MTR, which currently owns 13 shopping malls, will add more in its retail portfolio, including the Maritime Square Extension, HK$7.5 billion Tai Wai Station shopping mall and the Lohas Park package of seven shopping malls that will require a total investment of more than HK$14.88 billion.
While the Tsing Yi mall will be MTR's first self-developed mall, the ones in Tai Wai and Lohas Park will be built by other developers and sold to MTR.
