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The Lands Department announced today (February 9) that another site in Tai Po, Tai Po Town Lot No. 187 at Pak Shek Kok, Site A, had been successfully triggered for sale under the Application List System.
The lot will be offered for sale together with the other two triggered lots in Tai Po (Tai Po Town Lot Nos. 188 and 195) at this financial year's fifth Government land auction on March 13 at the Queen Elizabeth Stadium, Wan Chai.
A Lands Department spokesman said that the Government had accepted the applicant's minimum guaranteed bid of $1 billion for the lot. This will be the opening bid at the auction subject to the reserve price of the lot.
Tai Po Town Lot No. 187 has a site area of about 10,028 square metres and is designated for non-industrial (excluding godown, hotel and petrol filling station) purposes. A minimum gross floor area of 19,254 square metres must be completed.
The final Conditions of Sale for the lot will be available for distribution and uploaded onto the Lands Department's website (http://www.landsd.gov.hk) by February 23, 2007 when the particulars of the land auction will also be gazetted.
Ends/Friday, February 9, 2007
Issued at HKT 17:17
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