Hong Kong to grant 3 property sites to sweeten East Kowloon transit project tender
Hong Kong's government will offer three property development sites to the future operator of a new East Kowloon transit system to improve its financial attractiveness. The project, intended to connect Choi Hung and Ma Yau Tong, is set to be tendered next month with a target opening by 2033. This approach aims to leverage private sector expertise and financial capabilities, as the projected revenues are expected to fall short of the capital return. The sites will primarily be for residential use, intended to boost the areas served and increase ridership. AI
