MTR may sell land site atop Wong Chuk Hang station amid rising home prices

Hong Kong’s rail operator says several residential blocks and a 450,000 sq ft mall can be built on the site above the station

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MTR says it could put up a site atop the station for tender this year. Photo: Felix Wong

Published: 7:28am, 8 Feb 2018Updated: 8:49am, 8 Feb 2018

Hong Kong’s subway operator MTR Corp may release one of the largest parcels of land for residential development – atop Wong Chuk Hang station – on the south side of Hong Kong Island for tender in 2018 despite a volatile stock market.

MTR’s property director David Tang Chi-fai said the rail operator was currently solving the technical issues on the site to get it ready for the tender, which is planned as the third phase of a residential and commercial development. Phases one and two of the development are located next to the station.

“As several residential towers and a 450,000 square feet shopping mall will be built above the Wong Chuk Hang station, the work will be complicated. Logically, the third phase will be put up for tendering this year,” Tang said after the official opening of the second phase of the Maritime Square shopping mall in Tsing Yi Station on Wednesday.

MTR to enlarge its retail portfolio by 40 pc over the next five years to bolster rental income

Details would be finalised when the rail operator announces its full year result for 2017 next month, he said.

MTR property director David Tang says if all goes as planned, the site atop Wong Chuk Hang station will be put up for tender this year. Photo: Sandy Li