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The Lands Department announced today (May 4) that a site at Hoi Fai Road in West Kowloon Reclamation Area, Kowloon Inland Lot No. 11146, had been successfully triggered for sale under the Application List System.
The lot will be offered for sale at this financial year's third Government land auction on June 12 at the Hong Kong Cultural Centre, Tsim Sha Tsui.
A Lands Department spokesman said the Government had accepted the applicant's minimum guaranteed bid of $4.2 billion for the lot. This will be the opening bid at the auction subject to the reserve price of the lot.
Kowloon Inland Lot No. 11146 has a site area of about 11,353 square metres and is designated for non-industrial (excluding hotel, cinema, petrol filling station and godown) purposes. A minimum gross floor area of 51,088 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 25, 2007 when the particulars of the land auction will also be gazetted.
Ends/Friday, May 4, 2007
Issued at HKT 16:30
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