Northern Metropolis Site Draws Two Bids

By the Editorial Team · Saturday, July 4, 2026

Only two bids were received for the Northern Metropolis pilot project in Hung Shui Kiu, submitted by Henderson Land Development and a consortium including Sino Land, mainland firms, and JD.com. The limited participation from major local developers highlights cautious market interest in Hong Kong’s new integrated model aiming to boost housing supply and technology-driven economic growth in the northern New Territories.

Only two bids were submitted for the Northern Metropolis pilot project site in Hung Shui Kiu by the deadline yesterday, marking a limited response to Hong Kong’s first major land tender under a new development model. Henderson Land Development and Sino Land were the sole local property developers to participate, with Sino Land joining a consortium alongside mainland state-backed firms and the Chinese e-commerce giant JD.com.

The Development Bureau confirmed receiving two bids by noon the previous day for the multi-billion-dollar project, which is positioned as a flagship site within the government’s broader Northern Metropolis initiative. This initiative aims to significantly increase housing supply while fostering innovation and technology industries in the northern New Territories region.

An official from the Development Bureau indicated that the Tender Assessment Committee would begin immediate evaluation of the submissions, with a decision on the award expected by the end of August. Henderson Land expressed its continued support for the government’s long-term development strategy through a company spokesman.

The consortium submitting one of the bids includes China Merchants Land, China Resources Land (Overseas), China Overseas Land & Investment, Sino Land, CTG Investment, and JD.com. In a joint statement, the group expressed optimism about the future prospects for the Northern Metropolis and its potential to drive growth in the technology and innovation sectors.

Notably, several major local developers, including Sun Hung Kai Properties, New World Development, and CK Asset Holdings, did not participate in the tender. Observers have noted the relatively low turnout as unusual given the scale and strategic importance of the Northern Metropolis project, which is intended to transform the region into a modern hub of both residential and technological development.

The Hung Shui Kiu site represents the first large-scale land disposal under the government’s new approach, which integrates property development with the broader goal of building a regional innovation ecosystem. This marks a strategic attempt by the Hong Kong government to leverage land sales as a means to support both housing needs and economic diversification.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.