Property development at Shenzhen Metro Line 4 Depot Site Lot 1 – Tiara
In July 2011, the Shenzhen Municipal Government invited bidders with experience in “rail plus property” development to bid for the development rights on Shenzhen Metro Line 4 Depot Site Lot 1.
The following month, MTR Corporation, through two of its wholly-owned subsidiaries, MTR Corporation (Shenzhen) Limited and MTR Property (Shenzhen) Company Limited, made a successful bid for the site. With a total site area of about 89,400 square metres, the project, with Tiara as its promotion name, is the Corporation’s first rail-led transit-oriented development (TOD) project in the Mainland China and has been completed in 2017.
Tiara offers a total developable gross floor area of approximately 206,167 square metres. It comprises 1,698 residential units and a shopping mall of about 10,000 square metres.
Tiara’s shopping centre and residential towers are seamlessly connected to Longsheng Station on Shenzhen Metro Line 4 via covered walkways and just around 25 minutes train ride from Futian Checkpoint.
* Design concept illustration