{"id":123055,"date":"2021-11-05T19:55:40","date_gmt":"2021-11-05T12:55:40","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtr-rejects-all-five-bids-for-plot-at-tung-chung-lantau-island-as-developers-recoil-at-huge-sum-needed-to-build\/"},"modified":"2021-11-05T21:08:16","modified_gmt":"2021-11-05T14:08:16","slug":"mtr-rejects-all-five-bids-for-plot-at-tung-chung-lantau-island-as-developers-recoil-at-huge-sum-needed-to-build","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtr-rejects-all-five-bids-for-plot-at-tung-chung-lantau-island-as-developers-recoil-at-huge-sum-needed-to-build\/","title":{"rendered":"MTR rejects all five bids for plot at Tung Chung, Lantau Island, as developers recoil at huge sum needed to build"},"content":{"rendered":"


\nThe MTR Corporation has rejected all five bids for a large residential site in Tung Chung on Lantau Island after the plot elicited a cool response from Hong Kong\u2019s developers.\u201c[MTR] has decided not to accept any of the tender submissions [and] will retender the project in due course,\u201d the rail operator said in a statement. MTR declined to give a further comment.Given the costly investment required for the parcel, located atop MTR\u2019s Tung Chung traction substation, the fact the bids fell short\u2026
\n
\nSource : South China Morning Post
\nRead more…MTR rejects all five bids for plot at Tung Chung, Lantau Island, as developers recoil at huge sum needed to build<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The MTR Corporation has rejected all five bids for a large residential site in Tung...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123055","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w0L","jetpack-related-posts":[{"id":122864,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtrs-tung-chung-sale-draws-a-tepid-response-as-developers-recoil-at-huge-sum-needed-to-build-in-inconvenient-location\/","url_meta":{"origin":123055,"position":0},"title":"MTR\u2019s Tung Chung sale draws a tepid response as developers recoil at huge sum needed to build in inconvenient location","date":"October 28, 2021","format":false,"excerpt":"\r A major sale of residential land in Hong Kong drew a tepid response from developers, as six of the seven companies that showed interest last month recoiled at the investments needed, in a possible shift in priorities amid the government\u2019s plan to build a Northern Metropolis near the city\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtr-corp-withdraws-tender-for-oyster-bay-residential-site-on-lantau-island-after-just-3-bids-submitted-in-subdued-market\/","url_meta":{"origin":123055,"position":1},"title":"MTR Corp withdraws tender for Oyster Bay residential site on Lantau Island after just 3 bids submitted in subdued market","date":"February 13, 2023","format":false,"excerpt":"\r It is the third time the bidding process for a parcel of Hong Kong land has fallen through in just over a month as developers remain hesitant to commit to large investments amid rising interest rates and uncertainty in the economic outlook.\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/creditors-in-aggressive-push-to-sell-2-hong-kong-hotels-amid-banks-drive-to-cut-losses\/","url_meta":{"origin":123055,"position":2},"title":"Creditors in aggressive push to sell 2 Hong Kong hotels amid banks\u2019 drive to cut losses","date":"June 24, 2026","format":false,"excerpt":"\r Receivers and agents of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have expressed confidence in finally finding a buyer for the dual-branded complex \u2013 which together make up Hong Kong\u2019s third-largest hotel by room numbers \u2013 as creditors move to dispose of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148228,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/second-try-for-hong-kong-land-sale-draws-33-developers-as-cautious-bids-expected\/","url_meta":{"origin":123055,"position":3},"title":"Second try for Hong Kong land sale draws 33 developers as cautious bids expected","date":"November 21, 2024","format":false,"excerpt":"\r MTR Corp\u2019s tender for a Tung Chung site follows a senior government official\u2019s call for developers to show faith in Hong Kong\u2019s future.\r \r Source : South China Morning Post\r Read more...Second try for Hong Kong land sale draws 33 developers as cautious bids expected","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plot-of-mtr-corp-land-next-to-wong-chuk-hang-station-on-hong-kong-island-draw-at-least-13-bids\/","url_meta":{"origin":123055,"position":4},"title":"Plot of MTR Corp land next to Wong Chuk Hang station on Hong Kong island draw at least 13 bids","date":"February 27, 2017","format":false,"excerpt":"\r At least 13 bids have been submitted by developers have bid for plot of MTR Corp land next to Wong Chuk Hang station, and the old Wong Chuk Hang Estate on Hong Kong island, the tender for which closed at 2pm on Monday. The site which could potentially provide\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtr-seeks-bids-for-land-as-hong-kong-property-developers-ready-for-november-sales\/","url_meta":{"origin":123055,"position":5},"title":"MTR seeks bids for land as Hong Kong property developers ready for November sales","date":"October 27, 2017","format":false,"excerpt":"\r Hong Kong\u2019s subway operator MTR Corp will start a tendering process for a plot of land for residential development next to its Wong Chuk Hang station from Friday, while other property firms eye high prices from a series of sales set for November. MTR is inviting developers to submit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123055"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123055"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123055\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}