Wong Chuk Hang Station Phase 3

The third phase of Wong Chuk Hang Station, which is expected to challenge the most expensive project of the MTR Corporation (00066), has received a letter of intent to receive a total of 1.506 million square feet of gross floor area, including a shopping mall of more than 500,000 square feet, with a market valuation of 36.1 billion yuan.

The third phase of Wong Chuk Hang Station is the only commercial and residential development project in the upper cover. Nearly 1 million square feet are residential floors, providing about 1,200 people and a shopping mall of over 500,000 square feet with a valuation of 22.59 billion to 36.14 billion. Yuan, after the completion of the sale, up to 40,000 yuan. The number of Letters of Intent for Phases 1 and 2 of Wong Chuk Hang Station has reached the record of the MTR. The industry expects that the number of Letters of Intent will exceed 30, which will attract competition from the Hong Kong-China Consortium.