Hong Kong transport company MTR (HKG:0066) accepted four applications for the bidding of its Tung Chung East Station phase 1 project, The Standard reported Thursday.

Among the bidders include CK Asset (HKG:1113), Sun Hung Kai Properties (HKG:0016), Nan Fung Group and a consortium comprising Sino Land (HKG:0083) and Great Eagle (HKG:0041), the report said.

MTR slashed the gross floor involved in the tender by more than 53% and removed the shopping mall requirement after the company received zero bids for the project in 2023, the report said.

MTR received 33 expressions of interest in the scaled-down tender in November, The Standard said.

The rail operator was said to have sought a one-time upfront payment of HK$330 million for the project, equivalent to HK$1,022 per square foot. The amount is 35% lower compared with the original HK$1,580 per square foot or about HK$1.1 billion, the report said.

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