Hong Kong’s development chief welcomed collaboration between property developers and industry operators after two bids were received for the Hung Shui Kiu project in the Northern Metropolis.
Secretary for Development Bernadette Linn Hon-ho made the remarks on Saturday after the tender closed the previous day. Henderson Land Development submitted one standalone bid. Sino Land partnered with China Merchants Land, China Resources Land (Overseas), China Overseas Land & Investment, CTG Investment and JD.com for the other.
Linn said the bids met the government’s aim of pairing traditional developers with industrial operators. The Hung Shui Kiu plot marks the first large-scale land sale in the Northern Metropolis under a model that combines property development with an innovation and technology hub.
She noted that previous tenders for residential or commercial sites had often attracted homogeneous bidders, unlike the current diversified submissions.