HK'S New World Development, Vanke win bid for $439 mln project

HONG KONG Wed Jan 23, 2013 4:53am EST

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HONG KONG Jan 23 (Reuters) - A consortium led by property developer New World Development Co Ltd and Vanke Property (Hong Kong) Co Ltd has won a tender for a rail station property project in Hong Kong for HK$3.4 billion ($439 million), the MTR Corp said on Wednesday.

The West Rail Tsuen Wan West Station development has a residential gross floor area of 62,711 square metres and is expected to provide not fewer than 894 housing units upon completion, it added.

($1 = 7.7532 Hong Kong dollars)

(Reporting By Anne Marie Roantree; Editing by Matt Driskill)