MTR Corporation (00066) accepts a HK$10.5 billion land price offer for the Tuen Mun Area 16 Station Phase II project. The land price can be fully deducted

According to the Zhitong Finance App, MTR Corporation (00066) announced that on September 15, 2026, the company accepted the government's land price offer for land in Tuen Mun (HK$10.504.7 billion). The offer was made by the Government on July 13, 2026.

The proposed development project will include (including) residential buildings, commercial buildings, government buildings and parking spaces. The total residential floor area is not more than 250,000 square meters, while the total commercial floor area is not more than 31,100 square meters. The Government assessed the land price at HK$10.504.7 billion based on the market value of the Tuen Mun site located along the railway line. According to the project agreement, the Tuen Mun South Extension Line reduction amount for the agreed period can be deducted from the land price. After deducting the lower amount of the Tuen Mun South Extension Line during the agreement period, the land price amount will be fully offset.

Tuen Mun site means Site B, Site D and Site E in Tuen Mun Town Lot No. 576, Hong Kong. Development project refers to the Tuen Mun Area 16 Station Phase II property development project on the Tuen Mun site.