Property Development, Rental and Management

Based on the successful "rail plus property" development model in Hong Kong, the Corporation has expanded into the Mainland China with property businesses in Beijing, Shenzhen and Tianjin.

The Corporation undertook its first property development project in the Mainland China after winning a tender for a development site at the Shenzhen Metro Line 4 (Longhua Line) Depot in 2011, through its 100% owned subsidiaries MTR Corporation (Shenzhen) Limited and MTR Property (Shenzhen) Company Limited. The project, named Tiara, will provide a total of about 1,700 residential units and a shopping centre of about 10,000 square metres.

In 2013, Tianjin TJ-Metro MTR Construction Company Limited, a joint venture of MTR Corporation (49% shareholding) and Tianjin Metro (Group) Company Limited won the bidding for the land use right for a site at Beiyunhe Station atop Tianjin Metro Line 6. A mixed use development of 278,650 square metres will be built on the site.

The Corporation has also established property investment and management businesses in the Mainland China. These include the Ginza Mall in Beijing in addition to the property management and commercial management projects in Beijing and Shenzhen.