Major Hong Kong developers, include Sun Hung Kai Properties, Hutchison Whampoa, New World Development and Wharf (Holdings), are bidding for a 5 billion US dollars redevelopment project in the Dalian, The Standard reported. Dalian Foreign Economic and Trade Bureau chief Liu Dechun said that the project will comprise an office-hotel-residential complex that requires 5 billion US dollars investment. The project will be available for public tender in October and the bidding result will be released by the end of this year. Hutchison and Cheung Kong (Holdings), both controlled by tycoon Li Ka Shing, have combined forces in a dozen real-estate joint ventures in Beijing, Tianjin, Wuhan, Chongqing, Chengdu, Shanghai and other cities over the past 19 months, committing to spend more than 12 billion HK dollars, said the paper. Sun Hung Kai, Hong Kong's largest developer by market capitalization, spent more than 9 billion HK dollars to buy luxury residential sites in Shanghai and Hangzhou last year.