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The Lands Department announced today (April 23) that a site at Tsing Fat Street in Tuen Mun, Tuen Mun Town Lot No. 449, had been successfully triggered for sale under the Application List System.
The lot will be offered for sale at this financial year's second Government land auction on May 29 at the Queen Elizabeth Stadium, Wan Chai.
A Lands Department spokesman said the Government had accepted the applicant's minimum guaranteed bid of $525 million for the lot. This will be the opening bid at the auction subject to the reserve price of the lot.
Tuen Mun Town Lot No. 449 has a site area of about 17,042 square metres and is designated for private residential purpose. A minimum gross floor area of 13,293 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 May 11, 2007 when the particulars of the land auction will also be gazetted.
Ends/Monday, April 23, 2007
Issued at HKT 16:42
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