SHKP unit Mega Asia wins tender for MTR’s Tuen Mun site

Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer, edged five other bidders to win the tender for a parcel of land in the New Territories, a residential development that is expected to cost about HK$6 billion (US$772 million). The tender for the Tuen Mun A16 station package one property development, which closed on Wednesday, was awarded to SHKP subsidiary Mega Asia International, MTR Corp said on Thursday, without disclosing the winning bid amount. The package one development, with...