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The Lands Department today (August 31) announced that a site at Welfare Road in Aberdeen, Aberdeen Inland Lot No. 451, had been successfully triggered for sale under the Application List System.
The lot will be offered for sale at this financial year's sixth Government land auction to be held on October 15 at the Hong Kong Cultural Centre.
A Lands Department spokesman saidthe Government had accepted the applicant's minimum guaranteed bid of $2.5 billion for the lot. This will be the opening bid at the auction subject to the reserve price of the lot.
Aberdeen Inland Lot No. 451 has a site area of about 6,403 square metres and is designated for non-industrial (excluding godown, petrol filling station and hotel) purposes. A minimum gross floor area of 36,120 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 September 28, 2007 when the particulars of the land auction will also be gazetted.
Ends/Friday, August 31, 2007
Issued at HKT 16:00
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