MTR Accepts Government's RMB10.505 Billion Land Premium for Tuen Mun Area 16 Phase 2

MTR Corporation announced that it has accepted the government's land premium offer for Phase 2 of the Tuen Mun Area 16 property development project (Area 16 Phase 2), amounting to RMB10.505 billion. The premium was proposed by the government on 13 July 2026 and was assessed by reference to the market value of the Tuen Mun site following the railway development.

Under the Tuen Mun South Extension project agreement, the agreed-period downward adjustment amount for the Tuen Mun South Extension may be deducted from the assessed land premium for each Tuen Mun site. After deducting the agreed-period downward adjustment amount for the Tuen Mun South Extension, the land premium is fully offset.